Oscar Gruss Starts Weight Watchers (WTW) at Hold; Slimming Down Share Weight Boosts Growth
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Price: $341.99 +0.25%
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 11 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Oscar Gruss initiates coverage on Weight Watchers (NYSE: WTW) with a Hold. PT $70.00.
Analyst, Louis Meyer, said, "There are not any good comparables for WTW. Nutrisytem (Nasdaq: NTRI) is a direct competitor but has a much smaller market cap (~$320M) and Herbalife Ltd. (NYSE: HLF) is a marketing-oriented company with a network of independent distributors. Our general sense is that WTW is taking advantage of its high stock price (which exceeded $80/share three times in 2011) to return capital appreciation to investors in a strong equity market. We expect 1H12 operating challenges may overshadow the feel-good growth story post-tender."
For an analyst ratings summary and ratings history on Weight Watchers click here. For more ratings news on Weight Watchers click here.
Shares of Weight Watchers closed at $78.71 yesterday.
Analyst, Louis Meyer, said, "There are not any good comparables for WTW. Nutrisytem (Nasdaq: NTRI) is a direct competitor but has a much smaller market cap (~$320M) and Herbalife Ltd. (NYSE: HLF) is a marketing-oriented company with a network of independent distributors. Our general sense is that WTW is taking advantage of its high stock price (which exceeded $80/share three times in 2011) to return capital appreciation to investors in a strong equity market. We expect 1H12 operating challenges may overshadow the feel-good growth story post-tender."
For an analyst ratings summary and ratings history on Weight Watchers click here. For more ratings news on Weight Watchers click here.
Shares of Weight Watchers closed at $78.71 yesterday.
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