Goldman Sachs Upgrades GNC Corp. (GNC) to Buy

February 19, 2013 7:03 AM EST Send to a Friend
Get Alerts GNC Hot Sheet
Price: $45.22 +1.44%

Rating Summary:
    9 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 20 | Down: 42 | New: 52
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Goldman Sachs upgraded GNC Corp. (NYSE: GNC) from Neutral to Buy with a price target of $50.00 (from $44.00).

The firm said the trajectory for sales and earnings is likely to sustain a stable-to-expanding multiple after a lengthy period of deceleration and multiple contraction.

"The story's underlying appeal relates to wellness exposure / rapid category growth; an emerging global presence in a potent category; heavy private brand representation that protects margins and provides shelter from online incursions; a new marketing campaign; and shareholder-friendly capital allocation," the analyst said. A successful transition for the firm's Gold Card loyalty program is the lynchpin for their thesis, according to the firm.

For an analyst ratings summary and ratings history on GNC Corp. click here. For more ratings news on GNC Corp. click here.

Shares of GNC Corp. closed at $40.60 yesterday.


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