Weight Watchers surges after JPMorgan upgrades its stock, citing subscriber growth (WW)
|07/11/2019||Posted by BusinessMediaguide.Com under General World News||
- Weight Watchers was upgraded to a “netural” rating from “underweight” by analysts at JPMorgan. They also raised the price target to $22 from $17.
- The stock gained as much as 10% on the news.
- The company has struggled to boost investor confidence after plummeting 35% in a single day earlier this year on a weak earnings release.
- Watch Weight Watchers trade live on Markets Insider.
Weight Watchers is gaining — but it’s a good thing.