Beauty Health price target lowered to $1.50 from $1.75 at Canaccord

Canaccord lowered the firm’s price target on Beauty Health (SKIN) to $1.50 from $1.75 and keeps a Hold rating on the shares. The firm said they reported Q4 sales were lower and although the high- margin consumables business continues to perform well, we continue to see new machine placements severely pressured due to macro conditions.