JP Morgan Downgrades Beauty Health to Underweight
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Allen Gong has downgraded Beauty Health (NASDAQ:SKIN) from Neutral to Underweight, indicating a bearish outlook on the company's stock.
November 14, 2023 | 10:54 am
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JP Morgan's downgrade of Beauty Health from Neutral to Underweight suggests a negative outlook on the stock, which may lead to a short-term decline in its price.
Analyst downgrades typically influence market perception and can lead to a decrease in stock price, especially when they come from major financial institutions like JP Morgan. The downgrade from Neutral to Underweight implies that the analyst sees more downside risks than upside potential in the short term for Beauty Health.
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IMPORTANCE 90
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