Canaccord Genuity Raises Sally Beauty (SBH) Price Target After Management Meetings

Group 1 - Sally Beauty Holdings, Inc. (NYSE:SBH) is recognized as one of the best cheap rising stocks to invest in currently, with Canaccord Genuity maintaining a Buy rating and increasing the price target from $15 to $19 [1] - Canaccord analysts noted that Sally Beauty has made progress in its three main goals: increasing client centricity, fostering innovation, and enhancing operational capabilities and efficiency [2] - The company has identified growth opportunities through new store formats like Happy Beauty Co., distribution opportunities to aestheticians, and expanding professional distribution [2] Group 2 - Sally Beauty operates as a global specialty retailer focusing on professional beauty products, divided into two segments: Beauty Systems Group (BSG) and Sally Beauty Supply [3]