WW - WW International falls after Morgan Stanley points to balanced risk-reward profile
Morgan Stanley takes a breather on WW International (WW) after the recent share price rally.Analyst Lauren Schenk: "WW now sits within ~5% of our $34 price target, and at this price we see a more balanced risk reward, especially given weaker 1Q app download data and our US Equity Strategist's downgrade of small cap and discretionary names. Our estimates and PT remain unchanged, but we move to the sidelines."A deceleration in Q1 WW app downloads is also noted by the firm.Morgan Stanley drops WW to an Equal-weight rating and assigns a price target of $34 vs. the average Wall Street price target of $33.08.Shares of WW are down 3.27% premarket to $30.46.The Seeking Alpha Quant Rating on WW is also at Neutral.
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WW International falls after Morgan Stanley points to balanced risk-reward profile