Raymond James upgraded Sally Beauty (SBH) to Market Perform from Underperform without a price target The firm says a number of he company’s initiatives to drive more consistent sales growth “look more promising,” while its cost efficiencies should support modest margin expansion over the medium-term. The stock’s valuation is “undemanding” and Sally Beauty’s leverage is now down to two-times, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBH: