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Fly News Breaks for February 28, 2017
NTRI
Feb 28, 2017 | 09:10 EDT
Craig-Hallum analyst Alex Fuhrman raised his price target for Nutrisystem to $60 from $40 saying the company continued its "strong performance" for 2016 with Q4 results and initial FY17 guidance well above street estimates. With increasing consumer interest and multiple growth drivers in both core Nutrisystem and South Beach Diet, the analyst believes Nutrisystem is poised to perform well in 2017 and beyond. He reiterates a Buy rating on the shares.
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