OLPX’s Forecast Darkens: Analyst Adjusts Estimates Reflecting Struggles In Consumer And Professional Segments

Telsey Advisory Group analyst Dana Telsey downgraded Olaplex Holdings, Inc. (NASDAQ:OLPX) from Outperform to Market Perform, lowering the price target to $4 from $6.

OLPX recently reported Q2 results, where net sales were $109.2 million, down 48.2% Y/Y.