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Stock impact report

Liposuction firm AirSculpt downgraded by Morgan Stanley, stock falls amid broader selloff [Seeking Alpha]

AirSculpt Technologies, Inc. (AIRS) 
Company Research Source: Seeking Alpha
Liposuction firm AirSculpt downgraded by Morgan Stanley, stock falls amid broader selloffJun. 16, 2022 3:40 PM ETAirSculpt Technologies, Inc. (AIRS)By:Anuron MitraSA News EditorAndreyPopov/iStock via Getty ImagesAirSculpt Technologies (NASDAQ:lost 23%fifth negative session in sixAlso weighing on AIRS stock was Morgan Stanley downgrading its rating to equal-weight from overweight and slashing its price target to $8.50 from $17, representing a 4% upside to AIRS' last closing price.Miami Beach, Fla.-based AirSculpt provides body contouring procedures for the removal of fat under its Elite Body Sculpture brand. The company hadstellar market debut"We misread the market’s appetite for this type of business at IPO when we initially set our multiple range in the low- to mid-teens," said Morgan Stanley analysts Simeon Gutman, Michael Kessler, Hannah Pittock and Jacquelyn Sussman.The analysts said that AIRS is still in very early stages of its growth runway, and the stock' Show less Read more
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