UPDATE: Imperial Capital Initiates NutriSystem at In-Line on Early Recovery Stages

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In a report published Thursday, Imperial Capital analyst Mitchell B. Pinheiro initiated coverage on NutriSystem NTRI with an In-Line rating and $14.00 price target.

In the report, Imperial Capital noted, “We are initiating coverage of Nutrisystem, Inc. (NTRI) with an In-Line rating and a one-year price target of $14, about 8% above the recent share price. NTRI is in the early stages of recovering from five years of declining revenue and we are encouraged by the new management team's strategies and initiatives. The premium valuation suggests investors have priced in a modest earnings recovery, but the lack of revenue visibility and importantly, sustainability, tempers our enthusiasm for the stock at current levels.”

NutriSystem closed on Wednesday at $13.00.

Posted In: Analyst ColorInitiationAnalyst Ratingsimperial capitalMitchell B. Pinheiro
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