Canaccord Genuity Downgrades Olaplex Hldgs to Hold, Lowers Price Target to $3
Portfolio Pulse from richadhand@benzinga.com
Canaccord Genuity analyst Susan Anderson has downgraded Olaplex Hldgs (NASDAQ:OLPX) from Buy to Hold and lowered the price target from $5 to $3.
August 11, 2023 | 9:48 am
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Olaplex Hldgs has been downgraded from Buy to Hold by Canaccord Genuity, with a lowered price target from $5 to $3.
The downgrade from Buy to Hold by Canaccord Genuity indicates a less optimistic outlook for Olaplex Hldgs. The lowered price target from $5 to $3 suggests that the analyst believes the stock is overvalued at current levels. This could potentially lead to a decrease in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100