TD Cowen Downgrades The Beauty Health Company (SKIN) to Market Perform

TD Cowen analyst Oliver Chen downgraded The Beauty Health Company (NASDAQ: SKIN) from Outperform to Market Perform with a price target of $2.50 (from $9.00).

The analyst comments "We move to the sidelines following SKIN's 3Q earnings report as the company manages through issues with clogged HydraFacial Syndeo machines, seeks a new CEO, and manages cash flow on lowered guidance. SKIN suspended 2025 outlook & FY guidance implies -MT% rev. declines in 4Q vs. 3Q’s +10% & 4Q EBITDA of -$4.7mm. We lower our target to $2.50 from $9 based on 1.3x EV/Sales on our new FY25 estimates."

For an analyst ratings summary and ratings history on The Beauty Health Company click here. For more ratings news on The Beauty Health Company click here.

Shares of The Beauty Health Company closed at $3.90 yesterday.

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