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Fly News Breaks for June 12, 2018
WTW
Jun 12, 2018 | 08:36 EDT
DA Davidson analyst Linda Bolton Weiser initiated Weight Watchers with a Buy and Street high price target of $143. Weiser said the Q4 launch of "Beyond the Scale" strategy has transformed Weight Watchers from a diet company to a healthy lifestyle company, more in tune with social changes. Further, the partnership with Oprah Winfrey has drawn consumers towards the reinvented brand and the Freestyle program that was launched in Q4, the analyst wrote in a note to investors.
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