August 28, 2012 at 16:27 PM EDT
Sally Beauty Can Rise 17.5%: JPMorgan
Sally Beauty (SBH) gained 2.7% in regular trading today to $28.08, as JPMorgan initiated coverage of the Overweight rating–but the shares could still rise another 17.5%. Today Ike Boruchow, Jr. assigned the stock a $33 price target; he sees the stock advancing thanks to Sally’s dominant position in the stable and growing professional beauty industry, [...]
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