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Why Teladoc Stock Jumped on Friday

TheMotleyFool

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Shares of telehealth specialist Teladoc Health (NYSE: TDOC) jumped on Friday, rising as much as 6.7%. But as of 12:10 p.m. ET today, the stock was up 3.3%.

The stock's gain was likely due to an analyst's move to start coverage on the stock with a buy rating and a price target well above where shares of the growth stock are trading today.

Image source: Getty Images.

Source Fool.com

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