The Seidler Companies Initiates Coverage of
Medifast with a 'Strong Buy' and a Price Target of $18
Friday October 3, 8:30 am ET
LOS ANGELES, Oct. 3 /PRNewswire/ -- The Seidler Companies
Incorporated announced that it had initiated coverage of Medifast,
Inc. (Amex: MED - News) yesterday before the market opened with a
"Strong Buy" rating and a Price Target of $18. The report was
written by Analyst David M. Block, who covers stocks in the health
and nutrition space.
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"Medifast is one of our favorite plays in the sector," said Mr.
Block. "While the company has room to grow on several fronts, we
believe its clinically proven core weight loss products and program
will be the key driver of growth going forward. Underlying that
growth will be the company's first-ever direct response television
commercial, which we anticipate will generate significant revenue
and lead to impressive growth in fiscal 2004."
Founded in 1969, The Seidler Companies Incorporated is one of
California's leading independent investment banking and financial
services firms. The firm provides a broad range of products and
services in the areas of corporate finance, public finance,
institutional capital market services and individual and family
investing. The Seidler Companies is 100% family and employee-owned
and is a member firm of the New York Stock Exchange, Inc. (NYSE),
National Association of Securities Dealers (NASD) and Securities
Investor Protection Corporation (SIPC). Seidler is focused on
providing investment and investment banking to the middle-market
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