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Morgan Stanley upgrades WW International to Outperform; stock up over 80% in a month

Fri 28 Jul 23, 10:20 AM | Akanksha Vashisht

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Summary

Broker Morgan Stanley recently upgraded WW International Inc. (NASDAQ: WW) to ‘overweight’ from its previous ‘equal weight’ rating on the stock. The rating upgrade has led to a 7.35% jump in WW’s share price to US$10.66 premarket.

WW International Inc. is a weight management firm that offers dietary and wellness solutions to its clients. These wellness solutions also include sleep tracking, mental health, and nutrition services that customers can access through the company’s mobile application.

WW International has a market cap of over US$907 million. The stock has a mean recommendation rating of 2.7 on a scale of one to five, as per data available on Refinitiv. Here, one represents a ‘strong buy’ rating and five represents a ‘strong sell’ rating.

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