Olaplex Holdings shares are trading lower after Telsey Advisory Group downgraded the stock from Outperform to Market Perform and lowered its price target from $6 to $4. Also, Morgan Stanley lowered its price target from $4 to $3.65 on the stock.
Portfolio Pulse from Benzinga Newsdesk
Olaplex Holdings' stock has been downgraded from Outperform to Market Perform by Telsey Advisory Group, which also lowered its price target from $6 to $4. Additionally, Morgan Stanley has reduced its price target from $4 to $3.65.
August 09, 2023 | 2:46 pm
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Olaplex Holdings has been downgraded by Telsey Advisory Group and Morgan Stanley, with both firms also lowering their price targets.
The downgrade by Telsey Advisory Group and Morgan Stanley, along with the lowering of price targets, indicates a negative outlook for Olaplex Holdings. This could lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100