What happened
Shares of The Beauty Health Company (SKIN -3.60%), which specializes in facial treatments, dropped on Wednesday after an analyst downgraded his rating for the stock. As of 10:10 am ET, Beauty Health stock was down 12% and had touched all-time lows.
So what
Stifel (NYSE:SF) analyst Jonathan Block downgraded his rating for Beauty Health stock, according to Street Insider. Previously, Block called Beauty Health stock a buy. Now he rates it as a hold. But he maintained his price target of $10 per share, according to TipRanks.
He is reportedly concerned about slowing growth for the


