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Benzinga
Benzinga
Business
Vandana Singh

See Why Did Stifel, Maxim Cut Price Target On Sientra After Q4 Earnings

Maxim Stifel Nasdaq

Maxim lowered the price target on Sientra Inc (NASDAQ:SIEN) to $7 from $13 but kept a Buy rating on the stock. 

  • Analyst Anthony Vendetti notes that the Company's Q4 revenue was in-line with its pre-announcement in January, but gross margin was below expectations. 
  • Vendetti adds that the lower price target also reflects industry-wide compression, though he remains positive on Sientra's above-peer growth in the breast products market.
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