Hims & Hers downgraded to Hold from Buy at Jefferies

Jefferies analyst Glen Santangelo downgraded Hims & Hers to Hold from Buy with a price target of $15, down from $17. Hims & Hers has generated “impressive” revenue growth in its time as a public company, but expectations have caught up to reality, limiting potential upside to numbers, the analyst tells investors in a research note. The firm says Q1 app usage data implies consensus revenue expectations already at reasonable level. It also expects slowing revenue growth going forward.