UPDATE: Morgan Stanley Raises Price Target on GNC Holdings to $31

According to Morgan Stanley, GNC Holdings

price target is raised to $31. Morgan Stanley said that GNC is on a roll, with strong product momentum (two blowout quarters of 10%+ comps). “We like GNC for the defensiveness of the 5-7% growth in the vitamin/supplement industry, operating leverage from comp momentum and LT upside from internet marketing, new channels (Sam's, Petsmart) and China.” GNC Holdings closed yesterday at $26.51.