As reported earlier, DA Davidson analyst Linda Bolton Weiser downgraded Nutrisystem to Neutral from Buy and lowered her price target to $40 from $45. The analyst notes that she is optimistic that the company's execution can improve in the 2019 diet season, but cautions that the stock is entering a period of seasonal weakness from late summer through Q1, having already run up 43% from its March 29th lows. Weiser believes that Nutrisystem valuation may not improve until the results of the 2019 diet season are available, also lowering her PE multiple target to 15-times from 18-times.