Stock Track | Sally Beauty Soars 6.09% After Analyst Upgrade to Buy

Stock Track11-25

Sally Beauty Holdings, Inc. (SBH) stock soared 6.09% on Monday morning trading session, outperforming the broader market.

The surge came after TD Cowen analyst Oliver Chen upgraded the beauty retailer to Buy from Hold and raised the price target to $16 from $14, citing positive outlook for the company's growth prospects.

Chen's upgrade reflects growing confidence in Sally Beauty's strategic initiatives and improved financial performance. The analyst notes that the company's strong execution and focus on driving profitable growth could support further upside for the stock.

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