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Fly News Breaks for May 7, 2019
NLS
May 7, 2019 | 08:52 EDT
Lake Street analyst Chris Krueger lowered his price target for Nautilus to $5 from $8 saying the company's Q1 results showed large declines for both the company's Direct and Retail segments. Nautilus' new digital platform, Max Intelligence, has not performed well 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 sees "poor" near-term visibility and keeps a Hold rating on the shares.
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