Barclays Upgrades Olaplex Inc (OLPX) to Overweight
Barclays analyst Lauren Lieberman upgraded Olaplex Inc (NASDAQ: OLPX) from Equalweight to Overweight with a price target of $17.00 (from $29.00).
The analyst comments "In the near term, we expect OLPX to over-deliver on the top line vs. the company’s current expectations driven primarily by stronger growth in Specialty Retail. Beyond this, we believe there are multiple paths to upside beyond what is reflected in our model."
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Shares of Olaplex Inc closed at $13.41 yesterday.