Diet company rated overweight as Covid-19 expands waistlines
Some analysts says Weight Watchers’ value proposition is stronger after the outbreak of the coronavrus than it was before
27 March 2020 - 18:18
New York — Gyms are closed, people are trapped indoors and stress eating is on the rise. That could be a future boon for Weight Watchers International (WW) as American waistlines expand, according to Morgan Stanley.
The prospect was enough for analyst Lauren Cassel to raise her rating on the diet company to overweight from equalweight. “WW’s value proposition is actually stronger after Covid-19 than it was before,” she said, adding that the New York-based company fared better than expected during the 2008 financial crisis...
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