Olaplex rises as Barclays upgrades to 'equal weight'

Olaplex Holdings

04/10/2023 15:15

** Shares of hair care brand Olaplex  OLPX.O  up 3.5% at
$1.94 
    ** Barclays upgrades OLPX rating to "equal weight" from its
previous rating of "under weight" 
    ** We believe Olaplex can stabilize its business, which
likely limits much further downside in the stock - Brokerage
    ** Barclays says 2023 is likely the new floor of which OLPX
can ultimately grow more in line with the prestige hair care
category over time
    ** Eleven analysts' median PT for the stock is $3 - LSEG
    ** As of last close, Olaplex stock down ~62%
    

 (Reporting by Arsheeya Bajwa in Bengaluru)
 ((ArsheeyaSingh.Bajwa@thomsonreuters.com; +91 8510015800;))