Teladoc price target lowered to $7 from $7.50 at BofA

BofA analyst Allen Lutz lowered the firm’s price target on Teladoc (TDOC) to $7 from $7.50 and keeps a Neutral rating on the shares. Sensor Tower trends suggest Q4 revenue could be tracking in-line with consensus and slightly below the midpoint of Teladoc’s guidance, states the analyst, whose lowered price target reflects lower peer multiples.