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Fly News Breaks for August 7, 2018
WTW
Aug 7, 2018 | 06:32 EDT
JPMorgan analyst Christina Brathwaite raised his price target for Weight Watchers International to $120 following the company's Q2 results. Guidance was raised on better than expected constant currency revenue growth, which fully offset a currency headwind in the second half of the year, as well as better than expected gross margins, Brathwaite tells investors in a research note. The analyst sees "significant potential" for earnings leverage in 2018 and keeps an Overweight rating on Weight Watchers.
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