Imperial Downgrades Nautilus To In-Line Rating

Imperial Capital's George Kelly has cut

Nautilus, Inc.NLS

to In Line from Outperform following the stock's 41 percent upside after the brokerage's initiation on July 6, making its risk/reward "less attractive."

Shares of Nautilus gained after the company reported an in-line second quarter on August 1 and its addition to the S&P 500 index in late August.

Meanwhile, Kelly is betting big on the company's retail business and upcoming investor day, as he maintained the $26 price target on the stock.

Shares of Nautilus closed Friday's regular trading session at $24.99.

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