Deutsche Bank Starts Teladoc (TDOC) at Buy

Deutsche Bank initiated coverage on Teladoc (NYSE: TDOC) with a Buy rating and a price target of $38.

Analyst George Hill said, "Teladoc is the first and largest provider of telehealth services, targeting employer and health plan sponsors. We believe Teladoc's key differentiator in a nascent market with seemingly low barriers to entry is that the company has solved the reimbursement puzzle many other telemedicine start-ups fail to execute. We expect rapid near term growth in telehealth benefit adoption by employer sponsors, with Teladoc being a principal beneficiary and a long term winner in the space."

For an analyst ratings summary and ratings history on Teladoc click here. For more ratings news on Teladoc click here.

Shares of Teladoc closed at $32.15 yesterday.

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