Figs price target lowered to $5 from $7 at Barclays

Barclays analyst Adrienne Yih lowered the firm’s price target on Figs to $5 from $7 and keeps an Equal Weight rating on the shares. The company reported Q4 adjusted results which matched on revenue and handily beat on EBITDA, but there were overshadowed by negative forward revenue guidance and the departure of the CFO, the analyst tells investors in a research note.