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Fly News Breaks for January 27, 2020
TVTY
Jan 27, 2020 | 05:04 EDT
Piper Sandler analyst Sean Wieland downgraded Tivity Health to Neutral from Overweight with an unchanged price target of $25. The stock is pricing in revenue synergies from the Nutrisystem acquisition that will require time and investment and are unlikely to materialize in the near term, Wieland tells investors in a research note. Further, the analyst is concerned about aggressive discounting in the Nutrition segment and risks to visit volumes and pricing in Healthcare. He views shares of Tivity Health as fairly valued.
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