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Fly News Breaks for January 18, 2019
NLS
Jan 18, 2019 | 09:00 EDT
Lake Street analyst Chris Krueger downgraded Nautilus to Hold from Buy and cut his price target for the shares to $11 from $17. Nautilus announced preliminary results for Q4 significantly below expectations, Krueger tells investors in a research note. The company's new digital platform, Max Intelligence, did not provide the anticipated sales lift and will likely take time to gain traction with consumers, says the analyst. He believes visibility is not improving for Nautilus, "making it difficult to recommend its shares near-term."
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