Teladoc: Jefferies downgrades stock
(CercleFinance.com) - An analyst at Jefferies said this Friday that he is downgrading his rating on the Teladoc stock, adopting a "hold" rating, from a previous "buy" recommendation.
"We think current consensus growth at 25% (organic) for FY20 is necessary to hold the stock at this level. (...) We see risk to that 25% estimate," Jefferies says.
The broker thus sets a target price of 80 dollars for the share, which pretty much matches its current price of about 79 dollars.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"We think current consensus growth at 25% (organic) for FY20 is necessary to hold the stock at this level. (...) We see risk to that 25% estimate," Jefferies says.
The broker thus sets a target price of 80 dollars for the share, which pretty much matches its current price of about 79 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.