Sientra price target lowered to $10 from $13 at Craig-Hallum

Craig-Hallum analyst Alexander Nowak lowered the firm’s price target on Sientra to $10 from $13 and keeps a Buy rating on the shares. Sientra’s Q4 results were slightly below the Street, but the company gave a bullish update on the business and strong guidance to back it up, the analyst tells investors in a research note. Management expects to be cash flow breakeven exiting 2023, which is likely ahead of investor expectations but there will likely be skepticism given previous breakeven comments, the firm says.