Cutera price target lowered to $1 from $3 at Piper Sandler

Piper Sandler analyst Matt O’Brien lowered the firm’s price target on Cutera to $1 from $3 and keeps a Neutral rating on the shares. The company reported Q2 results that fell short of consensus on the top-line, though met expectations on the bottom-line, the analyst tells investors in a research note. The firm continues to believe Cutera’s turnaround and domestic re-launch could take some time to gain traction.