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Fly News Breaks for May 3, 2019
SBH
May 3, 2019 | 08:00 EDT
BMO Capital analyst Shannon Coyne lowered her price target on Sally Beauty to $17 and kept her Market Perform rating after its Q2 earnings miss, lower than expected revenue growth, and compressing margins. The analyst remains cautious on the company's "significant execution risks" and low visibility toward improvement in traffic trends, even though she is "encouraged" by the company's commitment to optimized cost structure and technology/CRM upgrades.
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