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Fly News Breaks for January 29, 2019
TVTY, NTRI
Jan 29, 2019 | 08:42 EDT
Piper Jaffray analyst Sean Wieland says Tivity Health's (TVTY preliminary Q4 results came in below consensus expectations. This is amidst uncertainty of the pro forma model with the company's proposed acquisition of Nutrisystem (NTRI), Wieland tells investors in a research note. The news could drive a further sell-off in the stock, which would create a "strong entry point based on already low valuation," adds the analyst. He keeps an Overweight rating on Tivity Health with a $44 price target.
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