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

ReutersJan 6, 2025 2:39 PM

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 AIRS.O

$6

$7

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))

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