Piper Jaffray analyst Tyler Van Buren lowered his price target on PolarityTE to $6 after its Q3 results. The analyst notes that the company's SkinTE Q3 sales came in at $0.8M and its launch continues to track "way below" his initial expectations. Van Buren adds that he is cutting his peak sales for the program to about $200M by 2030, which is only about a third of his prior forecast and still assumes that the company can ramp sales to $20M in 2020 and over $100M by 2025. The analyst still keeps his Overweight rating on the stock given its "depressed" valuation.