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Fly News Breaks for December 8, 2017
MED
Dec 8, 2017 | 06:45 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on Medifast to $89 after the company raised its dividend by 50% to 48c. Weiser says the move was well above expected 38c-41c payout and increases confidence in the management's goal of doubling the number of Health Coaches to about 30,000 by the end of 2019. The analyst raises her growth rate target to 20% from 18% in FY18 and 25% from 16% in FY19, keeping her Buy rating on Medifast.
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