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Fly News Breaks for May 7, 2019
SBH
May 7, 2019 | 09:34 EDT
DA Davidson analyst Linda Bolton Weiser lowered her price target on Sally Beauty to $16.50 and kept her Neutral rating after its Q1 earnings miss and "disappointing" same-store-sales decline reported last week. The analyst notes that the comps at the Sally Beauty segment were down 0.3% after two consecutive quarters of flat/positive growth thanks in part to Brexit-related uncertainty in Europe, and she expects those challenges to persist through the back half of 2019.
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