AirSculpt Technologies price target lowered to $5 from $6 at Piper Sandler

Piper Sandler analyst Korinne Wolfmeyer lowered the firm’s price target on AirSculpt Technologies (AIRS) to $5 from $6 and keeps a Neutral rating on the shares after meeting with management. AirSculpt continues to have challenges with customer conversion, which could be attributable to a number of pressure points, the analyst tells investors in a research note. However, Piper was “pleased to hear some of the strategic priorities going forward that should help to gradually re-charge this business.” The firm finds it “best to take a more cautious approach” on the shares with unit growth and same store sales as this transitional period gets worked through.