Waldencast price target lowered to $5 from $6 at Telsey Advisory

Telsey Advisory lowered the firm’s price target on Waldencast (WALD) to $5 from $6 and keeps an Outperform rating on the shares. The firm ended FY24 with a “solid beat” on its topline, as well as balanced and better-than-expected growth from Obagi and Milk, the analyst tells investors. Telsey is lowering its price target on the stock due to continued macro uncertainty.