Establishment Labs price target raised to $49 from $32 at Citi

Citi raised the firm’s price target on Establishment Labs to $49 from $32 and keeps a Buy rating on the shares post the Q4 report. While the company’s second half of 2023 results reflect a slower market, management once again reiterated that it is seeing stabilization, expecting improvement throughout 2024, the analyst tells investors in a research note.