Oddity downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Lauren Lieberman downgraded Oddity (ODD) to Underweight from Equal Weight with a price target of $13, down from $40. The company guided to sales being down 30% in Q1 after consistently growing 20%-plus, the analyst tells investors in a research note. Further, Barclays says Oddity has limited visibility into if and when its sales and profitability will stabilize. The firm is concerned that “deeper challenges may emerge.”