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Fly News Breaks for September 13, 2018
FB, WTW
Sep 13, 2018 | 07:53 EDT
Morgan Stanley analyst Vincent Sinisi started Weight Watchers (WTW) with an Equal Weight rating and $76 price target. He believes its improved digital offering and rebranding can help its turnaround continue in the near-term, but also sees other social offerings, such as Facebook (FB), holding back the weight loss company's ability to further ramp its online subscriber growth. Sinisi, who sees further improvements in Weight Watchers' digital offering and retention as keys to its upside, forecasts a compound annual subscriber growth rate of 17% from 2017 through 2020.
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