Fly News Breaks for February 21, 2018
SIEN
Feb 21, 2018 | 08:41 EDT
Lake Street analyst Brooks O'Neil downgraded Sientra to Hold and lowered his price target for the shares to $11 from $15. The company is "attempting to walk a fine line" with the at-the-market equity offering announced last night, O'Neil tells investors in a research note. The analyst does not sense there is a new delay related to securing FDA approval for silicone breast implant manufacturing with Vesta, but thinks near-term cash consumption, execution, and dilution risks may act as an overhang on the stock.
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