Jordan Katzman, co-founder of SmileDirectClub Inc., center, and Alex Fenkell, co-founder of SmileDirectClub Inc., right, look at a monitor during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 12, 2019.
Bloomberg | Bloomberg | Getty Images
Wall Street loves SmileDirectClub but the stock’s performance is not something to smile about.
Eight major Wall Street firms initiated coverage of the newly-public teeth-straightening start-up on Monday with buy ratings and rave reviews, despite the stock’s poor debut.
“We are bullish on the story and see a long runway of continued strong sales growth as the company is poised to benefit from a…