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Fly News Breaks for May 7, 2019
NLS
May 7, 2019 | 09:25 EDT
DA Davidson analyst Michael Kawamoto lowered his price target on Nautilus to $5 and kept his Neutral rating after its Q1 earnings miss, saying the company continued to experience pressure from the weaker demand in its Direct product offering amid the "rapidly changing" exercise industry landscape. The analyst notes however that Nautilus management is untertaking several internal initiatives to improve trends, adding that he awaits signs of progress from these efforts before reconsidering his rating.
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