(Bloomberg) -- Narrowing waistlines translated to swelling returns for Weight Watchers International Inc. shareholders as the stock price more than quadrupled in 2017. And analysts see more gains to come, with an average price target of about $62 implying a 24 percent increase over the next 12 months. The Oprah Winfrey-backed weight-loss company's moonshot comes after it boosted its annual earnings forecast and beat earnings and sales estimates every quarter so far this year.
To contact the reporters on this story: Janet Freund in New York at jfreund11@bloomberg.net, Richard Richtmyer in New York at rrichtmyer@bloomberg.net.
To contact the editors responsible for this story: Arie Shapira at ashapira3@bloomberg.net, Courtney Dentch, Richard Richtmyer
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