SKIN - Analyst Sees Further Downside For The Beauty Health Co. (SKIN) Amid Investor Suit Arising from Syndeo Mistakes – Hagens Berman | Benzinga
SAN FRANCISCO, Dec. 25, 2023 (GLOBE NEWSWIRE) -- Hagens Berman urges The Beauty Health Company (NASDAQ:SKIN) investors who suffered substantial losses to submit your losses now.
Class Period: May 10, 2022 – Nov. 13, 2023
Lead Plaintiff Deadline: Jan. 16, 2024
Visit: www.hbsslaw.com/investor-fraud/SKIN
Contact An Attorney Now: SKIN@hbsslaw.com
844-916-0895
The Beauty Health Company (NASDAQ:SKIN) Securities Fraud Class Action:
Piper Sandler reiterated its "underweight rating" for Beauty Health after conducting a phone survey of 50 HydraFacialists. The survey reportedly revealed "a significant % of Syndeo owners experienced issues and received replacements, and these issues expanded beyond the clogging management has called out."
In her report to clients, analyst Korinne Wolfmeyer also found ">1/3 of Syndeo owners have not yet received a replacement/fix, and ~10% of Elite owners don't want to upgrade due to these issues." Wolfmeyer concluded, "given the Syndeo challenges and likelihood for more cash burn, we see further downside."
The analyst scrutiny comes after the filing of a securities class action litigation brought against ...
SKIN) Amid Investor Suit Arising from Syndeo "Mistakes" – Hagens Berman>Full story available on Benzinga.com