BofA analyst Michael Cherny upgraded Hims & Hers to Buy from Neutral with a price target of $8.50, up from $7.50. The stock’s risk/reward skews favorably given the company’s accelerated path to profitability, Cherny tells investors in a research note. Hims & Hers’ rate of new subscription growth should provide “ample multi-year runway” for growth, Cherny tells investors in a research note.