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Fly News Breaks for July 11, 2019
WW
Jul 11, 2019 | 06:43 EDT
JPMorgan analyst Christina Brathwaiteu upgraded WW to Neutral from Underweight and raised her price target for the shares to $22 from $17. The company's subscriber trends have stabilized, which is supportive of its ability to reach 2019 guidance, Brathwaiteu tells investors in a research note. The analyst believes investors are beginning to look past the expected ~50% earnings decline this year and focusing on WW's potential growth opportunity in 2020 following the launch of a new diet program at the end of this year. Brathwaiteu thinks the stock's risk/reward is now more balanced.
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