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Fly News Breaks for February 28, 2020
TDOC
Feb 28, 2020 | 06:10 EDT
KeyBanc analyst Donald Hooker last night downgraded Teladoc Health to Sector Weight from Overweight without a price target. The analyst cites valuation for the downgrade with the shares up 95% since the company reported its Q3 results on October 30, 2019. Teladoc is now trading at 12.2 times updated 2021 revenue estimate, inclusive of the acquisition of InTouch Health, Hooker tells investors in a research note.
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