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Fly News Breaks for December 20, 2019
Dec 20, 2019 | 08:58 EDT
Jefferies analyst Stephanie Wissink noted that Bloomberg reported yesterday that Engaged Capital, Medifast's largest shareholder, is possibly seeking to partner with financial institutions to buy the company, adding that a recently disclosed amendment to Medifast's stockholder rights plan is "notable" in context of the speculation. Her thesis is unchanged by the report but she thinks the news reinforces the value gap in the stock. Wissink keeps a Buy rating and $110 price target on Medifast shares.
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