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Fly News Breaks for September 23, 2019
MED
Sep 23, 2019 | 09:28 EDT
DA Davidson analyst Linda Bolton Weiser keeps her Buy rating and $250 price target on Medifast, saying her discussions with its CFO highlighted the management's confidence in its 2019 guidance. The analyst notes that the company anticipates a re-acceleration of earnings growth in Q4 thanks to the 2% pricing and sequential gross margin lift. Weiser also points to Medifast's new Coach app launches in October in Asia and its roll-out in the U.S. in 2020, which she expects to drive further improvement in productivity that is not currently reflected in her model.
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