Cutera price target lowered to $24 from $35 at Stifel

Stifel analyst Jonathan Block lowered the firm’s price target on Cutera to $24 from $35 and keeps a Buy rating on the shares. The firm, which notes it “modestly” lowered its revenue estimates, believes the business tracked largely in-line with its revenue estimate of $64M for the June quarter, though visibility around the margin profile “remains uncertain.”