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Fly News Breaks for January 21, 2020
CUTR
Jan 21, 2020 | 13:53 EDT
Stephens analyst Chris Cooley reported to investors that he has learned via industry sources that Larry Laber, the former EVP of Sales, North America, at Cutera has departed along with several sales personnel. While he has not yet spoken to the company to confirm the departures, he acknowledges the perception of heightened risk in the short run stemming from a sales leadership transition, Cooley stated. Despite the sales turnover, he keeps an Overweight rating and $45 price target on Cutera shares as he still sees the potential for accelerating organic revenue growth, Cooley added.
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