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Fly News Breaks for February 26, 2019
NLS
Feb 26, 2019 | 08:43 EDT
As previously reported, Craig-Hallum analyst Steve Dyer downgraded Nautilus to Hold from Buy given continued lack of visibility and limited clarity on revised Max Intelligence messaging. The analyst notes that the company's initial marketing message for its new Max Intelligence digital platform failed to resonate with consumers. In addition to product-driven headwinds, its Retail segment is experiencing temporary headwinds from elevated channel inventory, he adds. Dyer also lowered his price target on the shares to $10 from $12.
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