Weight Watchers Upgraded to “Buy” at Bank of America/Merrill Lynch (WTW)

Shutterstock photo

Weight management specialist Weight Watchers International, Inc. ( WTW ) 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 $35.52.

Weight Watchers shares rose 85 cents, or +2.4%, in premarket trading Tuesday.

The Bottom Line
Shares of Weight Watchers ( WTW ) 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. ( WTW ) 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 .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by Dividend.com

This article appears in: Investing , Stocks

More from Dividend.com



Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com