WW International (WW) Positioned Well Due to Favorable Market Trends and Brand Awareness - Jefferies

Jefferies analyst Stephanie Wissink reiterated a Buy rating and $35.00 price target on Weight Watchers International (NASDAQ: WW) citing favorable market trends given consumer focus on well-being, strong brand awareness with growing "beyond weight" pathways to brand entry, leading tech platform digitalization, attractive FCF, and multiple expansion potential.

The analyst stated "WW has combined physical + digital with a greater proportion of new demand being digitally directed. Pre COVID-19, 25% of new customers opted for Digital + Studio (physical) memberships, moderating to 10% as of early June. In the med-term, a smaller Studio footprint is expected (800 branded locations, 2,500 3rd party currently) focused in key metropolitan markets."

For an analyst ratings summary and ratings history on Weight Watchers International click here. For more ratings news on Weight Watchers International click here.

Shares of Weight Watchers International closed at $25.34 yesterday.

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