Imperial Capital Downgrades Nautilus (NLS) to In-Line
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Imperial Capital downgraded Nautilus (NYSE: NLS) from Outperform to In-Line and maintains a price target of $26.00, citing valuation.
Analyst George Kelly commented, "With the stock having appreciated by 41% since we initiated coverage on 7/6/16, on relatively flat IC and consensus estimates, we believe the risk/reward profile is now less attractive. We are leaving our estimates unchanged."
Shares of Nautilus closed at $24.99 yesterday.
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