Cutera downgraded to Neutral from Overweight at Cantor Fitzgerald

Cantor Fitzgerald analyst Louise Chen downgraded Cutera to Neutral from Overweight with a price target of $33, down from $85, following the Q4 pre-announcement. Chen is moving to the sidelines on the stock until macro headwinds that may impact the company’s business subside, and/or management can demonstrate that it can continue to grow the business through a down cycle, the analyst tells investors in a research note.