Telsey Advisory Group analyst has reiterated a Moderate Risk rating on Betterware De Mexico S.A.P.I. DE C.V. (NASDAQ:BWMX) with a price target of $16. The analyst expects Q2 sales growth of 1.3% Y/Y to MX$3.29 billion, driven by growth at Jafra of 14.4%, offset by a 12% decline at Betterware. The analyst also anticipates EBITDA improvement at Betterware and potential return to growth in 2H23. Updates on Betterware's US expansion, Jafra rebranding in Mexico, and progress on reducing Jafra USA EBITDA losses are also expected.