Beauty Health price target raised to $1.75 from $1.25 at Canaccord

Canaccord raised the firm’s price target on Beauty Health (SKIN) to $1.75 from $1.25 and keeps a Hold rating on the shares. The firm said the company has continued to see strong demand for the consumables business, with sales up around +10% while macro conditions have impacted new machine placements, leading to roughly 46% year-over-year decline in delivery system revenue.