Wedbush Starts GNC Corp. (GNC) at Outperform; Online and Franchise Growth, Steady Retail, Fuel Earnings

Wedbush initiates coverage on GNC Corp. (NYSE: GNC) with an Outperform. PT $31.00.

Wedbush analyst says, "Given GNC’s international growth opportunities, robust online sales, cross-selling opportunities, and growing distribution and partnership agreements, we believe shares of GNC should trade relatively in line to other mid-cap healthy lifestyle firms (Hain Celestial (Nasdaq: HAIN), Herbalife (NYSE: HLF), Nu Skin (NYSE: NUS), United Natural Foods (Nasdaq: UNFI), Vitamin Shoppe (NYSE: VSI), Weight Watchers (NYSE: WTW))."

"Since GNC customers tend to have higher than average income levels, are focused more on fitness than the average U.S. supplement buyer, and focused more on product than price, we believe the company has significant opportunities to cross-sell from sports nutrition into other higher-margin product categories."

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 $26.96 yesterday.

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