Canaccord analyst Richard Close lowered the firm’s price target on Teladoc (TDOC) to $14 from $17 and keeps a Buy rating on the shares. The firm recognizes this could certainly be a value trap, and fully understand that it will take time for Teladoc’s CEO Chuck Divita to put his stamp on the operations, but it is worth highlighting that Teladoc continues to expand its reach.
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Read More on TDOC:
- Teladoc price target raised to $11 from $10 at Cantor Fitzgerald
- Teladoc price target lowered to $8 from $9 at TD Cowen
- Teladoc price target raised to $12 from $10 at Barclays
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