Fly News Breaks for May 4, 2018
MED
May 4, 2018 | 06:34 EDT
DA Davidson analyst Linda Bolton Weiser raised her price target on Medifast to $135 after its Q1 earnings beat and raised FY18 guidance. Weiser notes the acceleration in the company's Health Coach growth to 11% last quarter from 6% in Q4, adding that sales growth could reach 50% by the end of 2018 if that expansion continues. The analyst keeps her Buy rating on Medifast while also raising her FY18 EPS view to $3.65 from $3.25.
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