Imperial Downgrades Nautilus To In-Line Rating

Imperial Capital's George Kelly has cut Nautilus, Inc. (NYSE: NLS) to In Line from Outperform following the stock's 41 percent upside after the brokerage's initiation on July 6, making its risk/reward "less attractive."

Related Link: Wunderlich On Nautilus: Another Impressive Quarter

Shares of Nautilus gained after the company reported an in-line second quarter on August 1 and its addition to the S&P 500 index in late August.

Meanwhile, Kelly is betting big on the company's retail business and upcoming investor day, as he maintained the $26 price target on the stock.

Shares of Nautilus closed Friday's regular trading session at $24.99.

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