DA Davidson Upgrades Schiff Nutrition (WNI) to Buy; Confident that Management can Execute an Ambitious Plan

DA Davidson upgraded Schiff Nutrition (NYSE: WNI) from Neutral to Buy, price target raised from $11 to $16.

DA analyst says, "Earlier this week we spent two days with Tarang Amin, CEO of Schiff Nutrition, and got the perspective we needed on how Schiff can become a high growth, high return investment. The plan is ambitious; taking a company that has been run for cash generation (and frequent special dividends) and reorienting the focus to invest for faster growth, higher margins and higher returns...We have a better perspective on the impressive growth and transition plan in place, and we are raising our estimates and rating accordingly. Our FY12 and FY13 EPS estimates are $0.57 and $0.75, previously $0.50 and $0.60."

For more ratings news on Schiff Nutrition click here and for the rating history of Schiff Nutrition click here.

Shares of Schiff Nutrition closed at $9.75 yesterday.

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