Credit Suisse Starts Mindbody (MB) at Outperform

Credit Suisse initiates coverage on Mindbody (NASDAQ: MB) with a Outperform rating and a price target of $18.00.

Analyst M. Nemeroff commented, "MB is the leading provider of an integrated, cloud-based business management software (BMS) and payments platform purpose-built for the health and wellness services industry. In our view, MB's industry expertise and compelling value proposition, combined with rapidly evolving consumer demands, could continue to drive strong subscriber growth."

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

Shares of Mindbody closed at $13.36 yesterday.

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