Piper Jaffray Starts Teladoc (TDOC) at Overweight

Piper Jaffray initiates coverage on Teladoc (NYSE: TDOC) with a Overweight rating and a price target of $20.00.

Analyst Sean Wieland commented, "The need for on-demand services has arrived in healthcare, yet today’s status quo in healthcare is not effectively meeting this need. Teladoc is the market leader in ondemand healthcare, aka telemedicine. Telemedicine is among the fastest growing and least penetrated markets in healthcare, with a value proposition that we see as undeniable: improving access to care at a lower cost, which is resonating across the employer, payor and “payvider” markets. We are initiating with an Overweight rating and $20 PT"

For an analyst ratings summary and ratings history on Teladoc click here. For more ratings news on Teladoc click here.

Shares of Teladoc closed at $10.28 yesterday.

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