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Honest Company price target lowered to $4 from $7.50 at B. Riley

B. Riley analyst Anna Glaessgen lowered the firm’s price target on Honest Company (HNST) to $4 from $7.50 and keeps a Buy rating on the shares post the Q3 report. The firm reduced estimates citing the Q3 shortfall and near-term impacts of Honest’s “Transformation 2.0.”

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