Weight management specialist Weight Watchers International, Inc.
) on Tuesday saw its rating and price target boosted by analysts at
Bank of America/Merrill Lynch.
The firm said it upgraded WTW to "Buy" all the way up from
"Underperform," citing the company's revitalized business plan,
higher margins, and low valuation.
The analyst also raised its price target from $34, to $38, which
implies a 7% upside to the stock's Monday closing price of
Weight Watchers shares rose 85 cents, or +2.4%, in premarket
The Bottom Line
Shares of Weight Watchers (
) have a 1.97% dividend yield, based on last night's closing stock
price of $35.52. The stock has technical support in the $30-$32
price area. If the shares can firm up, we see overhead resistance
around the $40 price level.
Weight Watchers International, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
Be sure to visit our complete recommended list of the
Best Dividend Stocks
, as well as a detailed explanation of
our ratings system here