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Fly News Breaks for January 14, 2020
MED
Jan 14, 2020 | 08:06 EDT
Jefferies analyst Stephanie Wissink raised her price target on Medifast shares to $130 from $110 following her meeting with the company and their presentation at the ICR Xchange conference. The company disclosed a number of operational metrics not shared with the market previously, including 86% customer retention rates, which she believes point to its model differentiation, the analyst tells investors. She keeps a Buy rating on Medifast shares.
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