Wedbush Maintains an 'Outperform' GNC Corp. (GNC); Raising Numbers on Continued Impressive Momentum
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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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Wedbush maintains an 'Outperform' GNC Corp. (NYSE: GNC) price target raised from $37 to $39.
Analyst, Kurt Frederick, said, "In an 8-K filing, management noted SSS through the first two months of 2012 accelerated from the already robust 12.1% SSS growth rate reported in Q4. SSS in the mid-teens would mark the fourth consecutive quarter of double-digit SSS growth in its stores. Such impressive growth is being driven by increased traffic, trade-up to more advanced products, and cross-selling across product categories."
"...We are raising our estimates even further ahead of management guidance,
now calling for revenue of $2.32 billion from $2.29 billion and EPS of $1.91 from
$1.85 vs. guidance of $2.28 billion and $1.82, respectively. We are raising our Q1
SSS estimate to 12% from 8%, resulting in revenue of $590 million from $572
million and EPS of $0.53 from $0.49."
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 $31.35 yesterday.
Analyst, Kurt Frederick, said, "In an 8-K filing, management noted SSS through the first two months of 2012 accelerated from the already robust 12.1% SSS growth rate reported in Q4. SSS in the mid-teens would mark the fourth consecutive quarter of double-digit SSS growth in its stores. Such impressive growth is being driven by increased traffic, trade-up to more advanced products, and cross-selling across product categories."
"...We are raising our estimates even further ahead of management guidance,
now calling for revenue of $2.32 billion from $2.29 billion and EPS of $1.91 from
$1.85 vs. guidance of $2.28 billion and $1.82, respectively. We are raising our Q1
SSS estimate to 12% from 8%, resulting in revenue of $590 million from $572
million and EPS of $0.53 from $0.49."
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 $31.35 yesterday.
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