Finance

Every major analyst loves SmileDirectClub shares even after IPO tanks

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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…



Source cnbc.com

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