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Fly News Breaks for January 11, 2019
WTW
Jan 11, 2019 | 04:58 EDT
JPMorgan analyst Christina Brathwaite downgraded WW, formerly known as Weight Watchers, to Neutral and lowered her price target for the shares to $37 from $70. The analyst's early in the year channel checks point to a weak start to 2019 for the company. The checks suggest traffic to WW''s website and engagement on its mobile app are down double-digit percentages year-over-year, Brathwaite tells investors in a research note.