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Fly News Breaks for July 31, 2017
NTRI
Jul 31, 2017 | 13:29 EDT
Barrington analyst Matthew Gall upgraded Nutrisystem to Outperform from Market Perform with a $65 price target. The stock in afternoon trading is down 2% to $55.35. The direct to consumer channel continues strong momentum and the company's gross margin expanded in Q2, Gall tells investors in an intraday research note. He views the 12% post-earnings selloff as surprising and believes Nutrisystem's fundamentals are strong.
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