KeyBanc Upgrades Sally Beauty Holdings (SBH) to Overweight

KeyBanc upgraded Sally Beauty Holdings (NYSE: SBH) from Sector Weight to Overweight with a price target of $33.

Analyst Jason Gere said, "We have increased confidence in the SBS reacceleration initiatives underway, and believe SBH should further benefit from zone pricing, vendor negotiation wins, continued BSG momentum and its earlier business cycle stage vs. other retailers. Change will not come overnight, and much remains to be done, but we advise establishing or adding to positions at current attractive valuation levels as momentum likely builds."

For an analyst ratings summary and ratings history on Sally Beauty Holdings click here. For more ratings news on Sally Beauty Holdings click here.

Shares of Sally Beauty Holdings closed at $26.52 yesterday.

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