UPDATE: Jefferies Starts GNC Corp. (GNC) at Buy

October 7, 2013 4:45 PM EDT Send to a Friend
Get Alerts GNC Hot Sheet
Price: $48.00 -0.83%

Rating Summary:
    9 Buy, 7 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 7 | Down: 23 | New: 27
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(Updated - October 8, 2013 7:48 AM EDT)

Jefferies initiates coverage on GNC Corp. (NYSE: GNC) with a Buy. PT $68.00.

"We view GNC as a "Growth at Reasonable Price" story and it is our top stock pick," analyst Mark Wiltamuth said. "We believe the May 2013 rollout of new Gold Card member pricing sets the company up to accelerate to double-digit comps and 23% EPS growth 2013-2014. Current valuation of 15.5x 2014 P/E looks attractive vs. this growth outlook. GNC has the lowest P/E to growth ratio in our universe."

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 $55.05 yesterday.

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