UPDATE: Credit Suisse Initaites Vitamin Shoppe at Outperform on Growth Outlook
Credit Suisse initiated Vitamin Shoppe (NYSE: 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.
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Tags: Credit Suisse