WW - Why WW International Popped 14% Today
WW International (NASDAQ: WW), a global wellness company formerly known as Weight Watchers, jumped as much as 14% Wednesday after an analyst upgraded the stock, but gloomy comments from Federal Reserve Chair Jerome Powell brought the stock back down to earth.
Jefferies analyst Stephanie Wissink upgraded WW International to a buy rating, recognizing the company has grown beyond its original diet business model to a broader and more personalized wellness concept. Wissink went on to note the COVID-19 pandemic might have been a net positive for the company. "We believe the COVID-19 health crisis unlocked a durable trend," she said. "Wellness is being prioritized, supporting superior growth potential."
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