WW recent selloff ‘disconnected’ with alternative data, says Morgan Stanley

Morgan Stanley says alternative data through diet season has been “mixed, but far better than the stock price movement would imply” and the firm believes the recent selloff in WW shares is “disconnected with the data-informed outlook.” The firm is positive heading into the Q4 report and sees a “positively skewed” risk-reward with indications of a strong Q4 and limited changes to its estimates, adds the analyst, who maintains an Overweight rating and $13 price target on WW shares.