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Fly News Breaks for March 20, 2018
NTRI
Mar 20, 2018 | 08:10 EDT
As reported earlier, Argus analyst John Staszak downgraded Nutrisystem to Hold from Buy after the company's disappointing FY18 revenue and earnings guidance when it reported Q4 results last month. The analyst believes that 2018 will be a "transition" year for the company as its alters its sales and marketing plans, thus assigning a low probability for upside in the stock over the near term. Staszak also lowers his FY18 EPS view to $2.02 from $2.16, adding that the current valuation of 15.5-times forward earnings relative to 13- to 34-times average is warranted based on Nutrisystem's weak growth prospects.
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