UPDATE: Wolfe Research Starts SmileDirectClub Inc. (SDC) at Underperform on Slowing Growth, Other Issues

January 9, 2020 9:17 AM EST
Get Alerts SDC Hot Sheet
Price: $6.70 +11.67%

Rating Summary:
    4 Buy, 7 Hold, 4 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 15 | New: 24
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(Updated - January 9, 2020 2:49 PM EST)

(updating comment)

Wolfe Research Steve Beuchaw initiates coverage on SmileDirectClub Inc. (NASDAQ: SDC) with a Underperform rating and a price target of $7.00.

The analyst comments "We are negative on SDC where we expect slowing growth and cash consumption to weigh on shares. Our SDC $7 price target reflects a discount for the credit and regulatory risks around the company and sales estimates 30% below consensus."

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

Shares of SmileDirectClub Inc. closed at $10.85 yesterday.

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