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22.06.2021 19:04:15

Why Sally Beauty Holdings Is Running Higher at Midday

Shares of Sally Beauty Holdings (NYSE: SBH) were racing 12% higher in midday trading Tuesday after two Wall Street analysts upgraded the beauty supplies stock.Cowen analyst Oliver Chen and Oppenheimer analyst Rupesh Parikh both upgraded Sally to an outperform rating while also raising their price targets on the stock. With beauty salons reopened across the country, the personal products supplier should benefit from sales and earnings growth, the analysts said.Image source: Getty Images.Continue reading
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