UPDATE: Stifel Nicolaus Raises PT to $61 on Nu Skin Enterprises

Stifel Nicolaus raises its price target $4 to $61 on Buy-rated Nu Skin Enterprises

on conference takeaways suggesting strong and sustainable momentum. Stifel Nicolaus says, "Tuesday afternoon we attended meetings with Nu Skin Enterprises CFO Ritch Wood and IR head Scott Pond at the 2012 Stifel Nicolaus Consumer Conference in New York. Overall we believe momentum remains strong and sustainable as new product launches drive accelerating distributor growth, a strongly correlated, leading indicator of sales growth. We anticipate at least mid-to-high single-digit sales growth over the next 3-5 years driven by developing markets and a solid innovation for the ageLOC trademark. We also anticipate continued operating margin leverage." NUS closed at $56.89 a share on Tuesday.