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Enter Symbol:
Rating: SBH
Neutral $30

Sally Beauty Holdings, Inc. (NYSE: SBH) downgraded to Neutral with price target $30 by B. Riley & Co

Friday,  Aug 7, 2015  8:25 AM ET by Lynn Gilbert

B. Riley & Co downgraded Sally Beauty Holdings, Inc. (NYSE: SBH) to Neutral with price
target $30. Previously, B. Riley & Co rated Sally Beauty Holdings, Inc. (NYSE: SBH) to Buy with price target $33 on 08/02/2013, when the stock price was valued at $27.04.

Sally Beauty Holdings, Inc. (Sally Beauty) is a distributor of professional beauty supplies in the United States. The Company operates through two business units: Sally Beauty Supply and Beauty Systems Group (BSG). Through Sally Beauty Supply and BSG (which operates stores under the CosmoProf service mark), the Company operated a multi-channel platform of 3,727 stores and supplied 187 franchised stores primarily in North America, South America and selected European countries, as of September 30, 2009. Within BSG, the Company also has the networks of professional distributor sales consultants in North America, with approximately 1,022 professional distributor sales consultants who sell directly to salons and salon professionals. On September 4, 2009, the Company acquired Distribuidora Intersalon Limitada. On September 18, 2009, the Company acquired Belleza Concept International, Inc. On September 30, 2009, the Company acquired Schoeneman Beauty Supply, Inc.

B. Riley's distinguished equity and high yield research is the mainstay of the firm, contributing unparalleled value to our institutional and private clients. Our success is based on our history of uncovering value before anyone else.

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