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Fly News Breaks for May 3, 2019
WW
May 3, 2019 | 06:53 EDT
JPMorgan analyst Christina Brathwaite raised her price target for WW to $17 from $14 following the company's better than expected Q1 results and guidance increase. The analyst attributes these to stronger than expected cost savings and keeps an Underweight rating on the shares. Brathwaite, however, removed WW from her firm's Analyst Focus List as a short idea, acknowledging that the company is showing some signs of improvement and that the shares will be supported in the near term by hopes this trend can continue. With that said, the analyst continues to see risk to WW's second half of the year-weighted sales growth guidance.
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