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Fly News Breaks for December 11, 2018
NTRI, TVTY
Dec 11, 2018 | 07:55 EDT
Oppenheimer analyst Mohan Naidu lowered his price target for Tivity Health (TVTY) to $34 from $44 following the selloff in the shares after the company announced it is acquiring Nutrisystem (NTRI). While the Nutrisystem acquisition raises questions and complicates story, the analyst believes management's credibility affords them the opportunity to prove their bet will pay off. Naidu reiterates an Outperform rating on Tivity Health's shares.
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