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UPDATE: Credit Suisse Initiates Coverage on Everyday Health on Good Market Position

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In a report published Tuesday, Credit Suisse analyst Stephen Ju initiated coverage on Everyday Health (NYSE: EVDY) with an Outperform rating and $23.00 price target.

In the report, Credit Suisse noted, “Against the larger pharma industry backdrop of sales force reductions and hence a greater willingness among brands to directly advertise to the patient/consumer, we note that online share of total advertising dollars in the health care category stands at about 3%, which significantly lags that of other verticals. In addition, as Everyday Health is selling through less than half of its available inventory, it is poised to gain share within its category.”

Everyday Health closed on Monday at $13.99.

Latest Ratings for EVDY

DateFirmActionFromTo
Apr 2016CitigroupInitiates Coverage onBuy
Jan 2016Stifel NicolausDowngradesBuyHold
Nov 2015Stifel NicolausUpgradesNeutralBuy

View More Analyst Ratings for EVDY
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Posted-In: Credit Suisse Stephen JuAnalyst Color Initiation Analyst Ratings

 

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