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Fly News Breaks for January 9, 2020
TDOC
Jan 9, 2020 | 06:24 EDT
BofA analyst Allen Lutz downgraded Teladoc to Neutral from Buy with a price target of $90, up from $82. In a research note to investors, Lutz says he believes shares are fully valued and sees a less favorable risk/reward heading into 2020 guidance. While he expects strong revenue growth to continue into 2020, he worries the business may not scale at the rate currently expected by investors.
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