Waldencast: Regulatory Overhang Cleared, Brand Growth Prospects Support Buy Rating and Unchanged $2 Price Target
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Analyst Susan Anderson of Canaccord Genuity has maintained a Buy rating on Waldencast with an unchanged price target of $2.00, citing the resolution of regulatory uncertainty and the strength of the brand portfolio. With the SEC investigation concluded, she anticipates reduced legal expenses, allowing focus on growth initiatives. Key brands like Milk Makeup and Obagi show significant global growth potential, supporting her outlook. Additionally, Alliance Global Partners also holds a Buy rating with a $2.50 price target.
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