Information Provided By:
Fly News Breaks for February 20, 2019
WTW
Feb 20, 2019 | 07:40 EDT
Craig-Hallum analyst Alex Fuhrman lowered his price target for WW to $60 from $80 as his checks continue to show weakness across the diet space, with Google Searches for the WW/Weight Watchers brand down about 30% year to date. It appears that the company is likely not attracting new members to the brand as quickly as it was last year on the heels of the new Freestyle Diet program, which was unveiled in early December 2017, he contends. The analyst notes that Google searches for other established diet brands have been somewhat better, but have also been significantly negative for most of 2019. Fuhrman reiterates a Buy rating on the shares.