Deutsche Bank upgrades Teladoc on valuation, BetterHelp strategy
Deutsche Bank upgraded Teladoc Health Inc. to Buy from Hold, setting a price target of $11, which implies a significant upside. The upgrade is based on Teladoc's low valuation and its strategy to reposition the BetterHelp mental health platform from a direct-to-consumer model to one covered by insurance. Analysts also cited Universal Health Services' acquisition of Talkspace as evidence of potential undervaluation for Teladoc's BetterHelp segment.
https://www.investing.com/news/stock-market-news/deutsche-bank-upgrades-teladoc-on-valuation-betterhelp-strategy-4552498