Market Overview

UPDATE: Deutsche Bank Downgrades GNC Holdings from Buy to Hold on Insider Selling

Related GNC
Bank Of America Sees Vitamin Shoppe Inc Going Private; GNC Holdings Inc Untouched
GNC Holdings (GNC) is in Overbought Territory: What's Next?
Making Money With Charles Payne: 09/19/14 (Fox Business)

Deutsche Bank lowered its rating on GNC Holdings (NYSE: GNC) from Buy to Hold and reduced its price target from $50 to $42.

Deutsche Bank commented, "CEO Joe Fortunato has continued to aggressively sell shares in recent months and has reset his 10b5-1 at least 2x in ‘12 – both of which give us concern. The latest sales were under a 10b5-1 plan adopted on 5/7/12. Combined, YTD we estimate that the CEO has sold ~50% of the 1.2 million of shares granted to him under the options, even though they don't expire for another five years."

GNC closed at $37.20 on Wednesday.

Latest Ratings for GNC

DateFirmActionFromTo
Sep 2014WedbushUpgradesNeutralOutperform
Aug 2014Credit SuisseUpgradesNeutralOutperform
Jul 2014Deutsche BankMaintainsHold

View More Analyst Ratings for GNC
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (GNC)

Around the Web, We're Loving...

Get Benzinga's Newsletters