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Fly News Breaks for February 26, 2019
NLS
Feb 26, 2019 | 15:31 EDT
Imperial Capital analyst George Kelly lowered his estimates for Nautilus for 2019 and cut his price target on the stock to $6 from $7 after the company formally released Q4 results following its pre-release in January and also decided not to provide FY19 guidance, as is customary, citing limited visibility. Kelly, who now estimates direct to decline approximately 23% year-over-year and retail to grow 2%, keeps an In-Line rating on Nautilus shares, adding that he believes the company would benefit from added scale.
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