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Weight Watchers Climbs as JPMorgan Softens Bearish View

Shares of Weight Watchers are rising 5.7% to $23.08 Thursday after analysts at JPMorgan came up off of their bearish view, upgrading the stock to neutral from underweight. Analyst Christina Brathwaite sees stabilizing subscriber growth trends, leading her to increase her price target to $22 from $17 a share. The new price target is about even with the company's previous closing price of $21.84.