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WTW

Symbol now WW

$47.50

1.09 (2.35%)

09:52
12/10/18
12/10
09:52
12/10/18
09:52

Davidson cautious on Weight Watchers Q4, but sees near 'rock-bottom' valuation

DA Davidson analyst Linda Bolton Weiser left a meeting with Weight Watchers CEO Mindy Grossman and CFO Nick Hotchkin "cautious" on the company's Q4. After a "sub-optimal" September, trends made a come-back in October and November, but it was a "negative indicator" when Oprah tweeted the Share the Gift of Health promotion on December 4, Bolton Weiser tells investors in a research note titled "Nearing 'Rock-Bottom' Valuation, In Our View." However, when Weight Watchers reports in February, investor attention will be on the 2019 outlook and not the Q4 results, adds the analyst. And she notes that Grossman was adamant that the power of the 2019 campaign will be stronger than in 2018. Bolton Weiser believes her 2019 revenue growth estimate of 12% is reasonable and that a share catalyst is coming "very soon" as the company expects to announce new major celebrity spokespeople in the U.S. and U.K. in the coming weeks. She believes the stock, at 10.2 times 2020 earnings estimates, is getting "quite close to rock-bottom valuation," which would be $39. The analyst keeps an Outperform rating on the shares with a $137 12-18 month price target.

WTW Symbol now WW
$47.50

1.09 (2.35%)

10/02/18
JPMS
10/02/18
NO CHANGE
Target $120
JPMS
Overweight
Weight Watchers added to America's Analyst Focus at JPMorgan
JPMorgan analyst Christina Brathwaite added Weight Watchers International to her firm's America's Analyst Focus while keeping an Overweight rating on the shares with a $120 price target. The stock's 30% pullback from its peak on June 20 presents a "compelling entry point for investors who missed the stock's appreciation the first time around," Brathwaite tells investors in a research note. Despite the post-earnings selloff, the analyst believes the Q2 print was actually indicative that Weight Watchers' growth story remains on track. Further, she believes the changes announced last week, including its new rewards program, as well as the company's Invite a Friend program, will help drive member recruitment and retention going forward.
10/02/18
10/02/18
NO CHANGE

Fly Intel: Today's top analyst calls on Wall Street
Check out today's top analyst calls from around Wall Street, compiled by The Fly. GE UPGRADED AT RBC, WOLFE: RBC Capital analyst Deane Dray upgraded General Electric (GE) to Outperform from Sector Perform and raised his price target for the shares to $15 from $13. The analyst believes a floor has been put in the shares following news of Larry Culp being named Chairman and CEO. Additionally, GE was upgraded to Outperform from Peer Perform at Wolfe Research. DEUTSCHE SEES HEIGHTENED RISKS TO FACEBOOK ESTIMATES: After attending the first day of AdWeek, Deutsche Bank analyst Lloyd Walmsley sees heightened risk to the Q3, Q4 and 2019 consensus estimates for Facebook (FB). The analyst said he's starting to hear more cautious feedback and that Facebook seems on the defensive, particularly following last week's data breach disclosure. Walmsley, however, continues to view Facebook as attractively valued and kept a Buy rating on the shares with a $205 price target. JPMORGAN ADDS WEIGHT WATCHERS TO FOCUS LIST: JPMorgan analyst Christina Brathwaite added Weight Watchers (WTW) to her firm's America's Analyst Focus while keeping an Overweight rating on the shares with a $120 price target. The stock's 30% pullback from its peak on June 20 presents a "compelling entry point for investors who missed the stock's appreciation the first time around," Brathwaite said. Despite the post-earnings selloff, the analyst believes the Q2 print was actually indicative that Weight Watchers' growth story remains on track. Further, she believes the changes announced last week, including its new rewards program, as well as the company's Invite a Friend program, will help drive member recruitment and retention going forward. AMBEV DOUBLE DOWNGRADED BY UBS: UBS analyst Alan Alanis double downgraded Ambev (ABEV) to Sell from Buy and lowered his price target for the shares to R$17 from R$23. AmBev trades at a 25% higher valuation than parent company AB InBev (BUD), which is unwarranted, Alanis believes. He believes Ambev shares at current levels are more than pricing in the company's favorable outlook. Further, he expects consensus estimates to come down due to a tougher competitive environment, a "tepid" Brazilian economic recovery and currency headwinds. DEUTSCHE DOWNGRADES METAL STOCKS: Deutsche Bank analyst Jeremy Kliewer downgraded Century Aluminum to Hold from Buy and lowered his price target for the shares to $15 from $20, stating that Century's margins could remain pressured for longer due to alumina supply disruptions. Meanwhile, Deutsche's Chris Terry downgraded Reliance Steel (RS) to Hold from Buy and lowered his price target for the shares to $90 from $100, and downgraded U.S. Steel (X) to Hold from Buy and lowered his price target for the shares to $35 from $47. The analyst said his view on the steel sector is "moderating post peak pricing." Most positive data points and catalysts have now largely played out, Terry believes.
11/02/18
KEYB
11/02/18
NO CHANGE
Target $90
KEYB
Overweight
Weight Watchers price target cut to $90 from $115 at KeyBanc
KeyBanc analyst Edward Yruma backed an Overweight rating on Weight Watchers but cut his price target to $90 following the company's quarterly results, telling investors in a research note that the company is seeing an accelerated shift to digital, which he thinks will be positive long term, but creates some near-term "noise."
11/27/18
JPMS
11/27/18
NO CHANGE
Target $70
JPMS
Overweight
Weight Watchers valuation 'decoupled from reality,' says JPMorgan
JPMorgan analyst Christina Brathwaite believes the current valuation of Weight Watchers has "significantly decoupled from its earnings growth reality." The shares currently trade at less than 14 times 2019 earnings estimates despite a 20% earnings growth opportunity in 2019 and 2020, Brathwaite tells investors in a research note after hosting investor meetings with management. The analyst recommends using the recent pullback as a buying opportunity. She keeps an Overweight rating on Weight Watchers with a $70 price target. Brathwaite believes the programs launched to close out this year, combined with plans for a marketing campaign featuring Oprah into the New Year resolution sign up period, should drive a member growth reacceleration in Q1 of 2019.

TODAY'S FREE FLY STORIES

CVX

Chevron

$119.17

0.37 (0.31%)

13:39
11/22/19
11/22
13:39
11/22/19
13:39
Periodicals
Chevron plans sweeping cost-cutting, streamlining efforts, Reuters reports »

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MET

MetLife

$49.21

0.24 (0.49%)

, ARZGY

Generali

$0.00

(0.00%)

13:33
11/22/19
11/22
13:33
11/22/19
13:33
Periodicals
Generali nearing over $3B bid for MetLife European assets, Bloomberg reports »

Assicurazioni Generali…

MET

MetLife

$49.21

0.24 (0.49%)

ARZGY

Generali

$0.00

(0.00%)

03/08/13
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  • 12

    Dec

SONO

Sonos

$15.43

1.21 (8.51%)

13:25
11/22/19
11/22
13:25
11/22/19
13:25
Options
Sonos call volume above normal and directionally bullish »

Bullish option flow…

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

13:17
11/22/19
11/22
13:17
11/22/19
13:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

13:16
11/22/19
11/22
13:16
11/22/19
13:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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BKR

Baker Hughes

$22.59

(0.00%)

13:04
11/22/19
11/22
13:04
11/22/19
13:04
Hot Stocks
Baker Hughes reports U.S. rig count down 3 to 803 rigs »

Baker Hughes reports that…

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BOLD

Audentes Therapeutics

$28.17

0.05 (0.18%)

13:02
11/22/19
11/22
13:02
11/22/19
13:02
Recommendations
Audentes Therapeutics analyst commentary  »

Piper remains buyer of…

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SYNL

Synalloy

$13.45

(0.00%)

13:01
11/22/19
11/22
13:01
11/22/19
13:01
Hot Stocks
Synalloy board of directors decides not to make annual dividend payment »

Synalloy Corporation…

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BKR

Baker Hughes

$22.60

0.01 (0.04%)

13:01
11/22/19
11/22
13:01
11/22/19
13:01
Hot Stocks
Breaking Hot Stocks news story on Baker Hughes »

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WMT

Walmart

$119.65

-0.23 (-0.19%)

12:53
11/22/19
11/22
12:53
11/22/19
12:53
Periodicals
Walmart's Jet.com to stop delivering fresh groceries, CNBC reports »

Walmart's Jet.com…

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SKY

Skyline

$30.99

-0.45 (-1.43%)

12:48
11/22/19
11/22
12:48
11/22/19
12:48
Recommendations
Skyline analyst commentary  »

SunTrust boosts Skyline…

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12:47
11/22/19
11/22
12:47
11/22/19
12:47
Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

WE

We Company

$0.00

(0.00%)

, SFTBF

SoftBank

$0.00

(0.00%)

12:46
11/22/19
11/22
12:46
11/22/19
12:46
Periodicals
Breaking Periodicals news story on We Company, SoftBank, SoftBank »

WeWork chairman lays out…

WE

We Company

$0.00

(0.00%)

SFTBF

SoftBank

$0.00

(0.00%)

SFTBY

SoftBank

$0.00

(0.00%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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Z

Zillow

$41.03

1.22 (3.06%)

12:45
11/22/19
11/22
12:45
11/22/19
12:45
Options
Zillow call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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12:45
11/22/19
11/22
12:45
11/22/19
12:45
General news
Breaking General news story  »

Week of 11/22…

12:45
11/22/19
11/22
12:45
11/22/19
12:45
General news
Breaking General news story  »

Week of 11/22…

12:42
11/22/19
11/22
12:42
11/22/19
12:42
Hot Stocks
Breaking Hot Stocks news story  »

Civista Bancshares…

BIIB

Biogen

$294.17

5.51 (1.91%)

12:33
11/22/19
11/22
12:33
11/22/19
12:33
Periodicals
Breaking Periodicals news story on Biogen »

Biogen settles Tecfidera…

03/08/13
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  • 04

    Dec

  • 05

    Dec

BIIB

Biogen

$293.68

5.02 (1.74%)

12:26
11/22/19
11/22
12:26
11/22/19
12:26
Hot Stocks
Breaking Hot Stocks news story on Biogen »

Biogen rallies 3%, or…

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  • 04

    Dec

  • 05

    Dec

FTCH

Farfetch

$9.73

0.335 (3.57%)

12:25
11/22/19
11/22
12:25
11/22/19
12:25
Options
Farfetch Limited call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
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03/06/13
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  • 02

    Dec

SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$310.63

0.34 (0.11%)

12:18
11/22/19
11/22
12:18
11/22/19
12:18
General news
Ray Dalio says WSJ wrong, Bridgewater not betting market will fall »

Ray Dalio, Co-Chief…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$310.63

0.34 (0.11%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

12:17
11/22/19
11/22
12:17
11/22/19
12:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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$NYE

NYSE Market Internals

$0.00

(0.00%)

12:16
11/22/19
11/22
12:16
11/22/19
12:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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DELL

Dell Technologies

$53.30

-0.425 (-0.79%)

12:15
11/22/19
11/22
12:15
11/22/19
12:15
Options
Dell Technologies put volume heavy and directionally bearish »

Bearish flow noted in…

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  • 26

    Nov

  • 02

    Dec

  • 09

    Dec

  • 09

    Dec

12:15
11/22/19
11/22
12:15
11/22/19
12:15
General news
Treasury Action: the markets are mixed with no strong directional drivers »

Treasury Action: the…

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