DA Davidson Downgrades Schiff Nutrition (WNI) to Neutral; Looking Fully Valued

May 11, 2012 8:37 AM EDT
Get Alerts WNI Hot Sheet
Price: $18.51 +3.70%

Rating Summary:
    2 Buy, 2 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 19 | New: 8
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DA Davidson downgraded Schiff Nutrition (NYSE: WNI) from Buy to Neutral with a price target of $18.00.

Analyst, Timothy S. Ramey, said, "We are downgrading WNI as shares now appear fully valued. While we like the management team, the Airborne acquisition, and the strategy for growth, it will take some time for earnings to catch up with the stock price, which has appreciated 76% in the past year and 71.8% from our Buy rating on September 22, 2011."

"We are maintaining our estimates for EPS of $0.53 for FY12 (May) and $0.75 for FY13."

For an analyst ratings summary and ratings history on Schiff Nutrition click here. For more ratings news on Schiff Nutrition click here.

Shares of Schiff Nutrition closed at $17.00 yesterday.


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