AirSculpt Technologies initiated with a Neutral at BTIG

BTIG initiated coverage of AirSculpt Technologies with a Neutral rating and no price target AirSculpt is a national provider of body contouring procedures with 29 active centers in the U.S. and one active center in Canada and one in the UK, the analyst tells investors in a research note. The firm says that while AirSculpt has been able to offset consumer spending headwinds by opening new centers, increased spending on marketing initiatives has further pressured its margins. BTIG cites the current macroeconomic backdrop and limited visibility as to when demand trends may begin to stabilize for the Neutral rating.