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Fly News Breaks for May 15, 2018
WTW
May 15, 2018 | 07:13 EDT
SunTrust analyst Michael Swartz initiated Weight Watchers with a Buy rating and a price target of $90, saying the company's reach of over 30K weekly meetings and its "time-tested system" make its products "one of the first stops" for someone considering a structured weight loss program. The analyst also points to the recent CEO transition and a new "refreshed" business strategy, putting the company on a course that could yield an annual revenue growth of 14%-15% by 2020, with EBITDA margins reaching as high as 32% vs. 25% in 2017.
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