DA Davidson Upgrades USANA Health Sciences Inc. (USNA) to Buy; Pre-Announces to the Upside; Raising Estimates

DA Davidson upgraded USANA Health Sciences Inc. (NASDAQ: USNA) to Buy. PT increased to $44 from $35 (L-T price target (5-yr) raised to $55).

DA analyst said, "Yesterday USNA pre-announced a strong Q2 EPS of “at least” $0.85 compared to $0.69 last year, up (at least) 23.2%, beating our $0.68 estimate and the 5-analyst Street consensus of $0.71...Given that a period of depressed earnings will not likely appear, we are raising our rating to BUY on the continuation of promising growth. We are increasing our 2011 and 2012 EPS estimates to $3.25, previously $3.00, and $3.55, previously $3.30, respectively.

For more ratings news on USANA Health Sciences Inc. click here and for the rating history of USANA Health Sciences Inc. click here.

Shares of USANA Health Sciences Inc. closed at $43.45 yesterday.

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