UPDATE: Credit Suisse Initaites Vitamin Shoppe at Outperform on Growth Outlook

Credit Suisse initiated Vitamin Shoppe VSI with an Outperform rating and a $75.00 price target. Credit Suisse noted, "We believe VSI's store and product approach, unique service model, and inventory strategy give it a leg up in the vitamin retail space. We also see several underappreciated growth drivers in (1) a greater branded products focus, (2) increasing ticket and basket size, (3) above average e-commerce growth, and (4) entrance into Canada and smaller market stores." Vitamin Shoppe closed at $58.60 on Monday.