WW stock price target cut to $37 from $70 at J.P. Morgan

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WW, formerly Weight Watchers International, among most recession-resistant on D.A. Davidson list

WW, formerly known as Weight Watchers International Inc. , is one of the health and beauty companies in the D.A. Davidson coverage universe that’s “recession resistant,” analysts wrote in a Thursday note. Analysts used eight criteria to determine recession resistance including sales decline in the last recession and operating leverage. WW has “low operating leverage, high operating and free cash flow margins, and strong strategic position,” D.A. Davidson said. Still, shares are down 46.6% over the past three months. Medifast Inc. , a company that provides weight-loss plans, sits atop this list thanks to its “debt-free balance sheet, high free cash flow margin, and lack of sales cyclicality.” Medifast shares are down 45% for the last three months. In comparison, the S&P 500 index has slumped 16% for the past three months. D.A. Davidson rates both WW and Medifast shares at buy. It has a $137 price target on WW, and a $249 price target on Medifast.

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