WW - WW International cut to Sell at Craig Hallum after nearly 80% surge

2023-03-08 07:43:51 ET

WW International ( NASDAQ: WW ) stock slid over 10% in pre-market trading on Wednesday, giving back some gains from its 79% run on Tuesday.

While Craig Hallum analyst Alex Fuhrman acknowledged that the Sequence acquisition could spark upside for the stock, its move to nearly double in one session is “hard to justify,” in his view. He noted that the core business remains challenged and the acquisition of Sequence does little to shift the dynamics of the existing business.

As such, he cut his rating on the name to Sell from Hold and maintained a $4 price target. Shares of WW International slipped 10.4% prior to Wednesday’s market open.

Read more on analyst reactions to the Sequence deal .

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