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Fly News Breaks for April 18, 2018
WTW
Apr 18, 2018 | 10:07 EDT
According to Google Trends, Weight Watchers' Google searches for the last seven days available are up 39% year-over-year, Craig-Hallum analyst Alex Fuhrman tells investors in a research note. The analyst says this is the strongest growth for any seven day period all year. He believes the searches are likely to continue to gain strength given Weight Watchers' ongoing TV ad campaign. Fuhrman notes that the company did not air TV commercials in the first three weeks of April 2017. The analyst continues to see several catalysts for shares of Weight Watchers in 2018, including brand expansion from the FreshRealm partnership and benefits from giving free memberships to teens. Fuhrman reiterates a Buy rating on the stock with a $100 price target.