US beauty and wellness stocks have potential in 2025, Piper Sandler says

Xponential Fitness

06/01/2025 14:39

** Piper Sandler sees potential room for growth in 2025 for
U.S. beauty and wellness firms but says impact of interest
rates, lending standards, and President-elect Donald Trump's
policies are key factors to watch
    ** Brokerage picks Church & Dwight Co Inc  CHD.N ,
Interparfums Inc  IPAR.O , and Sally Beauty Holdings Inc  SBH.N 
as its 2025 'top ideas' 
    ** Piper Sandler upgrades Kenvue  KVUE.N  to "overweight"
from "neutral" citing positive margin outlook; shares of co up
1.46% in premarket
    ** Downgrades European Wax Center Inc  EWCZ.O  and Perrigo
Company plc  PRGO.N  to "neutral" from "overweight" 
    ** Piper Sandler revises PT for the following cos:
    
 Company                            Current PT   Previous PT
 AirSculpt Technologies Inc         $6           $7
  AIRS.O                                         
 Bath & Body Works Inc  BBWI.N      $39          $36
 Church & Dwight Co Inc  CHD.N      $128         $124
 Colgate-Palmolive  CL.N            $112         $121
 Estee Lauder Companies Inc  EL.N   $91          $89
 e.l.f. Beauty Inc  ELF.N           $167         $165
 European Wax Center Inc  EWCZ.O    $7           $9
 Hims & Hers Health Inc  HIMS.N     $24          $21
 Kimberly-Clark Corp  KMB.N         $161         $175
 Kenvue Inc  KVUE.N                 $26          $21
 Olaplex Holdings Inc  OLPX.O       $2           $1.5
 Planet Fitness Inc  PLNT.N         $123         $115
 Perrigo Company plc  PRGO.N        $27          $34
 Ulta Beauty Inc  ULTA.O            $394         $390
 Xponential Fitness Inc  XPOF.N     $16          $12
 
 (Reporting by Akriti Shah in Bengaluru)
 ((akriti.shah@thomsonreuters.com))