Cutera price target lowered to $5 from $10 at Stephens

Stephens analyst George Sellers lowered the firm’s price target on Cutera to $5 from $10 and keeps an Overweight rating on the shares after a Q2 revenue and margin miss and the company lowering its revenue guidance. This was “a messy quarter” with revenue guidance about 15% lower and cash burn guidance higher due to a weak market backdrop, but AviClear growth of 41% was “a bright spot,” the analyst tells investors.