AirSculpt Technologies downgraded at Raymond James following ‘another miss’

As previously reported, Raymond James downgraded AirSculpt Technologies to Market Perform from Outperform and removed the firm’s price target following Q1 results that came in below expectations. The firm says it had “hung with the stock for some time now” as it had viewed the long-term brand story and valuation as attractive, but it is “throwing in the towel” and “can no longer remain constructive on the stock due to consistent underperformance,” as well as a tough macro backdrop and what it views as “optimistic” guidance.