What Oprah's board exit means for WW International
03/01/2024 01:24
Shares of WW International (WW), known as Weight Watchers, fell after Oprah Winfrey announced she would not seek reelection to the company's board. Winfrey cited her desire to avoid conflicts with her own use of the weight loss drug Ozempic. Despite this, D.A. Davidson's Linda Bolton Weiser reiterated her bullish view on Yahoo Finance Live. She notes Oprah has been "reducing her stake" for some time, and believes the company's operating results outweigh Winfrey's departure. Weiser claims her price target remains the same given Weight Watchers' "turnaround." She sees stabilization in the core business with growing users and clinical offerings. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
Shares of WW International (WW), known as Weight Watchers, fell after Oprah Winfrey announced she would not seek reelection to the company's board. Winfrey cited her desire to avoid conflicts with her own use of the weight loss drug Ozempic.
Despite this, D.A. Davidson's Linda Bolton Weiser reiterated her bullish view on Yahoo Finance Live. She notes Oprah has been "reducing her stake" for some time, and believes the company's operating results outweigh Winfrey's departure.
Weiser claims her price target remains the same given Weight Watchers' "turnaround." She sees stabilization in the core business with growing users and clinical offerings.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Angel Smith