Market Overview

UPDATE: Goldman Sachs Upgrades GNC Holdings to Buy Sales, Earnings Trajectory Into 2014

Share:
Related GNC
Analysts: GNC's Q4 Numbers Should 'Reduce Negative Sentiment'
Mid-Afternoon Market Update: Dow Surges Over 250 Points; Ambarella Shares Tumble
12 Stocks Raising Dividends And Expectations (Seeking Alpha)

Goldman Sachs upgraded GNC Holdings (NYSE: GNC) from Neutral to Buy and raised the price target from $44.00 to $50.00.

Goldman Sachs commented, "We upgrade GNC to Buy (from Neutral) as we expect the trajectory for sales and earnings is likely to sustain a stable-to-expanding multiple after a lengthy period of deceleration and multiple contraction. The story's underlying appeal relates to wellness exposure / rapid category growth; an emerging global presence in a potent category; heavy private brand representation that protects margins and provides shelter from online incursions; a new marketing campaign; and shareholder-friendly capital allocation. A successful transition for the firm's Gold Card loyalty program is the lynchpin of our thesis."

GNC Holdings closed at $40.60 on Friday.

Latest Ratings for GNC

DateFirmActionFromTo
Nov 2015JP MorganMaintainsNeutral
Nov 2015BarclaysMaintainsOverweight
Oct 2015Stephens & Co.UpgradesEqual-weightOverweight

View More Analyst Ratings for GNC
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Upgrades Analyst Ratings

 

Related Articles (GNC)

View Comments and Join the Discussion!

Get Benzinga's Newsletters