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Fly News Breaks for December 11, 2018
NTRI, TVTY
Dec 11, 2018 | 09:02 EDT
Barrington analyst Michael Petusky says yesterday's selloff in shares of Tivity Health (TVTY) on news of the Nutrisystem (NTRI) acquisition "seems overdone." The 32% pullback "seems to assume material value destruction" from the merger, which is an unlikely outcome, Petusky tells investors in a research note. He maintains an Outperform rating on Tivity Health with a $50 price target.
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