Deutsche Bank Starts GNC Corp. (GNC) at Buy; A Good Offense Is A Good Offense
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Price: $0.55 --0%
Rating Summary:
5 Buy, 7 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
5 Buy, 7 Hold, 7 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Deutsche Bank initiates coverage on GNC Corp. (NYSE: GNC) with a Buy. PT $36.00.
Deutsche analyst says, "Importantly, based on (1) our field work, (2) recent conversations with industry contacts, and (3) our VSI HQ trip on 12/19, we believe trends in the VMS space remain very healthy despite recent headline noise. Layering in GNC's 3-pronged business model and improving FCF position, we arrive at a 15-20% EPS CAGR, which the market at 13.8x our FY13E EPS is under-appreciating, in our opinion...We are modeling FY11, FY12, and FY13 EPS of $1.47, $1.77, and $2.05, respectively, versus the Street’s $1.46, $1.72, and $1.94 outlook."
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 $28.41 yesterday.
Deutsche analyst says, "Importantly, based on (1) our field work, (2) recent conversations with industry contacts, and (3) our VSI HQ trip on 12/19, we believe trends in the VMS space remain very healthy despite recent headline noise. Layering in GNC's 3-pronged business model and improving FCF position, we arrive at a 15-20% EPS CAGR, which the market at 13.8x our FY13E EPS is under-appreciating, in our opinion...We are modeling FY11, FY12, and FY13 EPS of $1.47, $1.77, and $2.05, respectively, versus the Street’s $1.46, $1.72, and $1.94 outlook."
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 $28.41 yesterday.
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