FIGS (NYSE:FIGS) Cut to “Market Perform” at Telsey Advisory Group

Telsey Advisory Group has downgraded its rating for FIGS NYSEFIGS stock from "outperform" to "market perform." This change was announced in a report released on Thursday, according to MarketBeat Ratings. The firm now has a price target of $6.00 per share, which is lower than their previous price target of $11.00.

In addition to this downgrade, Barclays also raised its rating for FIGS stock from "underweight" to "neutral." This change was also announced on Thursday. It's worth noting that these ratings are based on the analysts' assessment of the company's financial performance and growth prospects.

It's important to note that these ratings are not a guarantee of future performance, and investors should always conduct their own research before making any investment decisions. Additionally, it's worth noting that these ratings are subject to change based on new information or market conditions.