Morgan Stanley Maintains Underweight on Sally Beauty Holdings, Lowers Price Target to $8
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Simeon Gutman has maintained an Underweight rating on Sally Beauty Holdings (NYSE:SBH) and reduced the price target from $10 to $8.
November 15, 2023 | 2:50 pm
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Morgan Stanley's analyst has reiterated an Underweight rating on Sally Beauty Holdings and decreased the price target from $10 to $8, indicating a bearish outlook.
The reduction in price target by a major financial institution like Morgan Stanley suggests a bearish outlook on the stock, which could lead to a negative short term impact on SBH's stock price. The Underweight rating implies that the analyst believes the stock will underperform the sector or the overall market.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100