Fly News Breaks for December 17, 2019
Dec 17, 2019 | 10:07 EDT
B. Riley FBR analyst Kara Anderson raised WW's price target to $46 from $40 and reaffirms a Buy rating on the shares. WW launched its new program, myWW, globally to plan members on November 11 and the reception has been positive, Anderson tells investors in a research note. She thinks the new program bodes well for fiscal 2020 estimates that imply subscriber growth. Further, the analyst is also pleased that WW completed the Oprah Winfrey extension early "and settled any questions or uncertainty about Oprah's commitment" to the company.
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