Honest Company price target lowered to $6 from $7 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Honest Company (HNST) to $6 from $7 and keeps a Market Perform rating on the shares. The firm continues to see the brand as well-positioned in an “attractive category,” but notes the Honest Company’s transformation efforts remain underway against uncertain consumer demand trends and Q3 revenue will likely show continued slowdown, the analyst tells investors.