Beauty Health Stock Hit With Downgrade At Stifel: What Investors Need To Know
Portfolio Pulse from AJ Fabino
Stifel Financial Corp downgraded Beauty Health Co from a Buy to a Hold Rating and lowered the price target from $17 to $10, citing concerns about the company's future growth. Shares of Beauty Health fell more than 13% before slightly rebounding.
June 21, 2023 | 2:58 pm
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NEGATIVE IMPACT
Beauty Health Co's stock price fell more than 13% after Stifel Financial Corp downgraded the company from a Buy to a Hold Rating and lowered the price target from $17 to $10.
The downgrade by Stifel Financial Corp and the lowered price target directly impacted Beauty Health Co's stock price, causing it to fall more than 13%. The concerns about the company's future growth and potential risks to future estimates are likely to have a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Stifel Financial Corp downgraded Beauty Health Co, causing shares to sink more than 13% before a slight rebound.
Stifel Financial Corp's downgrade of Beauty Health Co is the main focus of the news, but the impact on Stifel's stock price is likely to be neutral as it is just one of many analyst actions taken by the company.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50