Waldencast price target lowered to $4 from $5 at Telsey Advisory

Telsey Advisory analyst Dana Telsey lowered the firm’s price target on Waldencast (WALD) to $4 from $5 and keeps an Outperform rating on the shares. While not entirely unexpected, FY25 has started out relatively challenging, the analyst tells investors. While margin and distribution expansion opportunities exist for its Milk Makeup brand, the firm is moderating its price target given incremental risks to the global macro outlook.