Goldman Sachs Upgrades Vitamin Shoppe (VSI) to Buy
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Price: $44.36 --0%
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 17
Rating Summary:
4 Buy, 5 Hold, 1 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 10 | Down: 20 | New: 17
Trade VSI Now!
Goldman Sachs upgraded Vitamin Shoppe (NYSE: VSI) from Neutral to Buy with a price target of $65 (from $60), suggesting 28% upside.
The firm said recent multiple compression provides an opportunity as they still like the supplement sector's secular growth. In addition, Goldman is positive on the company's incremental pursuit of own-brand product and international expansion. This brings it closer to GNC's (NYSE: GNC) more lucrative operating model, according to the analyst.
On valuaiton, Goldman notes shares now trade near long-run relative P/E troughs.
The firm raised FY13 EPS from $2.30 to $2.35, FY14 from $2.80 to $2.87 and FY15 from $3.45 to $3.55.
For an analyst ratings summary and ratings history on Vitamin Shoppe click here. For more ratings news on Vitamin Shoppe click here.
Shares of Vitamin Shoppe closed at $50.62 yesterday, with a 52 week range of $41.62-$65.93.
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The firm said recent multiple compression provides an opportunity as they still like the supplement sector's secular growth. In addition, Goldman is positive on the company's incremental pursuit of own-brand product and international expansion. This brings it closer to GNC's (NYSE: GNC) more lucrative operating model, according to the analyst.
On valuaiton, Goldman notes shares now trade near long-run relative P/E troughs.
The firm raised FY13 EPS from $2.30 to $2.35, FY14 from $2.80 to $2.87 and FY15 from $3.45 to $3.55.
For an analyst ratings summary and ratings history on Vitamin Shoppe click here. For more ratings news on Vitamin Shoppe click here.
Shares of Vitamin Shoppe closed at $50.62 yesterday, with a 52 week range of $41.62-$65.93.
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