Shares of WW , formerly known as Weight Watchers International Inc., tumbled 6.2% in premarket trade Tuesday, after J.P. Morgan analyst Christina Brathwaite turned bearish the weight management and wellness company for the first time, citing continued user declines. Braithwaite cut WW to a rare underweight rating, after cutting it to neutral from overweight on Jan. 11. Only 14% of the companies J.P. Morgan covers globally are rated underweight. Braithwaite also cut slashed her stock price target to $25 from $37. She said her downgrade comes as her research suggests daily active users (DAU) on that WW app keep contracting "in the most important period of the year." Since the downgrade in January, Braithwaite said DAU trends have worsened, app reviews have become increasingly negative and competitors Noom and Diet Doctor have continued to gain traffic share. The stock has plunged 71% since the June 20, 2018 record close of $103.09 through Friday, while the S&P 500 has gained 0.3% over the same time.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Weight Watchers stock plunge means Oprah’s stake has shrunk by $555 million in 8 monthsOprah Winfrey’s purse has gotten a lot thinner over the past eight months—about $560 million thinner—with J.P Morgan adding to her woes Tuesday by turning bearish on WW, the company formerly known as Weight Watchers International Inc.
और पढो »
JP Morgan: Crypto's Biggest Detractor Has A Change Of HeartAn about face by JP Morgan, a hitherto ardent detractor of cryptocurrencies, with the launch of its own digital mint, the JPM Coin, shows that blockchain experimentation is going mainstream.
और पढो »
Global investors are coming back to Chinese markets, says JP Morgan executiveInvestors are expecting Asian economies will see their fortunes improve in the next few months, boosting recent gains in regional markets including China, a J.P. Morgan Chase executive said on Tuesday.
और पढो »
Tesla is not 'quite out of the woods yet,' says Morgan Stanley's Adam JonasMorgan Stanley's Adam Jonas says Tesla's biggest question is whether it can self-finance 'where it doesn't need external equity capital to fund its very ambitious plans.'
और पढो »
JP Morgan says Asian shares will go up as risks come downMixo Das, Asia equity strategist at J.P. Morgan, says he prefers 'value stocks' in the first half of this year. He also favors shares in China, Singapore and the Philippines.
और पढो »
JP Morgan: Crypto's Biggest Detractor Has A Change Of HeartAn about face by JP Morgan, a hitherto ardent detractor of cryptocurrencies, with the launch of its own digital mint, the JPM Coin, shows that blockchain experimentation is going mainstream.
और पढो »
Police Pension Backs Morgan Creek's $40 Million Blockchain Venture Capital FundPolice officers and other state employees in Virginia’s Fairfax County will be looking forward to retirement with potential dividends from an unusual source: bitcoin
और पढो »
Why Morgan Stanley says ‘the stars are aligned’ for Dr. Copper and related stocksOur the call of the day from Morgan Stanley say this often overlooked commodity has a lot going for it right now, and that is good news for the companies that mine it.
और पढो »
Morgan Stanley: Why GM and Amazon may be investing in 'the next Tesla'General Motors and Amazon are reportedly in talks to invest in Rivian Automotive, indicating a massive shift in the 'next and potentially imminent' electric vehicle market of pickup trucks, Morgan Stanley said.
और पढो »