Fly News Breaks for February 27, 2020
Feb 27, 2020 | 09:41 EDT
SunTrust analyst Alexander Draper raised the firm's price target on Teladoc to $110 from $92 but keeps a Hold rating on the shares. The analyst notes that the "pulse" of the company is "much stronger" than he had estimated in his prior downgrade, though he is not inclined to chase this stock given its record high valuation. Draper does note however that Teladoc membership growth and utilization were particularly strong.
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