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Fly News Breaks for February 26, 2019
NLS
Feb 26, 2019 | 09:16 EDT
Lake Street analyst Chris Krueger lowered his price target for Nautilus shares to $8 saying the company announced Q4 results inline with its recent "weak" preannouncement. The company's new digital platform, Max Intelligence, did not provide the anticipated sales lift management expected and will likely take time to gain traction with consumers as new efforts to drive awareness roll out, Krueger tells investors in a post-earnings research note. He cut his estimates sharply to reflect "poor" near-term visibility and keeps a Hold rating on Nautilus.
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