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Fly News Breaks for April 22, 2016
TDOC, WBMD
Apr 22, 2016 | 07:38 EDT
Leerink analyst Steven Wardell believes there is a good chance that WebMD (WBMD) will enter the telehealth market in 2016, which could serve as a "positive catalyst" for the stock. Wardell sees WebMD as a "credible" potential player in telehealth and says that addition would more than double the company's total addressable market. The announcement may serve as a negative catalyst for Teladoc (TDOC), which currently dominates the market. The analyst reiterates an Outperform rating on WebMD's shares.
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