Shares of The Beauty Health Company (NASDAQ: SKIN), which specializes in facial treatments, dropped on Wednesday after an analyst downgraded his rating for the stock. As of 10:10 a.m. ET, Beauty Health stock was down 12% and had touched all-time lows.

Stifel (NYSE:SF) analyst Jonathan Block downgraded his rating for Beauty Health stock, according to Street Insider. Previously, Block called Beauty Health stock a buy. Now he rates it as a hold. But he maintained his price target of $10 per share, according to TipRanks.

He is reportedly concerned about slowing growth for the company. And to his point, the growth rate has dropped rapidly, as the chart below illustrates.

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Source Fool.com