UPDATE: D.A. Davidson & Co. Downgrades Schiff Nutrition; Raises PT
According to a research report published this morning, D.A. Davidson & Co. has downgraded Schiff Nutrition (NYSE: WNI) from Buy to Neutral, and raised PT from $16 to $18.
In the report, D.A. Davidson & Co. commented, "We are downgrading WNI from Buy to NEUTRAL 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."
Schiff Nutrition closed yesterday at $16.99.
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