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Fly News Breaks for April 15, 2019
WTW
Apr 15, 2019 | 07:46 EDT
Morgan Stanley analyst Vincent Sinisi said his "MAD" tracker that uses WW app downloads points to Q1 end subscribers of about 4.5M, which he notes is relatively in-line with guidance from the company for its subscriber count to be "down slightly." The company's app download trends sequentially improved through the quarter ending in March, which Sinisi said he views as a "constructive sign." While he keeps an Equal Weight rating on WW shares, the analyst said he sees "tactical upside at these levels" into the company's next report in May.