Citi opens ‘upside 90-Day short-term view’ on Establishment Labs

Citi analyst Joanne Wuensch kept a Neutral rating on Establishment Labs (ESTA) with a $38 price target while adding an “upside 90-Day short-term view.” Establishment will host an investor meeting on June 12 and generally, stocks trade up into such events, even if it doesn’t “hold” the price appreciation afterwards as positioning normalizes, the analyst tells investors in a research note.