By Ben Glickman
Shares of Beauty Health sank Wednesday after the company was downgraded by Stifel from buy to hold.
The stock fell 9%, to $7.92, after the downgrade early Wednesday. Shares have fallen 14% this year.
Analysts at Stifel wrote in a research note that they expect sales growth of the skin health product company’s HydraFacial booster attachment to slow in the coming two years, contributing to lower than expected top-line growth.
Write to Ben Glickman at [email protected]
Corrections & Amplifications
This item was corrected at 2:42 p.m. ET to show that shares of Beauty Health fell 9%. An earlier version of the headline misstated the change as 14%.
Shares of Beauty Health fell 9%. “Beauty Health Shares Fall 14% on Stifel Downgrade Over Sales Growth Concerns,” at 2:15 p.m. ET, misstated the percentage change in the headline.
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