Figs price target raised to $15 from $9 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Figs (FIGS) to $15 from $9 and keeps a Market Perform rating on the shares. The company delivered “impressive” Q4 results, with stronger topline growth and expense control, the analyst tells investors. While momentum appears to be continuing, the company still has work to do to recover margins to historical levels, the firm adds.