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Washington may be headed to teledentistry rules like California's, says Stifel
Stifel analyst Jonathan Block noted that Washington State introduced a bill on January 15, followed by a public hearing in the state's House Committee on Health Care & Wellness on January 24, regarding telemedicine and teledentistry guidelines that may be similar to California's AB-1519 law. While there might be subtle differences and more steps exist until implementation, another state potentially following California's lead is a net negative for SmileDirectClub, said Block. However, he maintains a Buy rating and $17 price target on SmileDirectClub shares