Credit Suisse Initiating Coverage On Weight Watchers International

Credit Suisse is out with a research report on Weight Watchers International WTW and is initiating coverage with an Outperform rating and a $80 price target. In a note to clients, Credit Suisse writes, "Initiating coverage with an Outperform rating and $80 target price. We estimate strong global demand growth for weight management services, driven by rising obesity and a renewed emphasis on health care costs containment, making WTW an attractive thematic investment." Shares of WTW lost $12.75 on Friday to close at $61.70.