Hims & Hers price target lowered to $11 from $14 at Citi

Citi analyst Daniel Grosslight lowered the firm’s price target on Hims & Hers to $11 from $14 and keeps a Buy rating on the shares post the Q3 report. The company posted a “solid beat and raise quarter,” with personalization featuring prominently as Hims & Hers continues to use this as a lever to differentiate itself in a commoditizing market, the analyst tells investors in a research note. The firm thinks the shares should trade up on the results.