Sally Beauty price target raised to $13 from $10 at Morgan Stanley

Morgan Stanley analyst Simeon Gutman raised the firm’s price target on Sally Beauty (SBH) to $13 from $10 and keeps an Underweight rating on the shares. While the firm calls the company’s long-term outlook “realistic,” it argues that EBIT growth upside “seems unlikely” given subdued topline growth. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on SBH: Sally Beauty Holdings Re

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