Imperial Capital's George Kelly has cut Nautilus, Inc. NLS to In Line from Outperform following the stock's 41 percent upside after the brokerage's initiation on July 6, making its risk/reward "less attractive."
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Meanwhile, Kelly is betting big on the company's retail business and upcoming investor day, as he maintained the $26 price target on the stock.
Shares of Nautilus closed Friday's regular trading session at $24.99.
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