UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Nu Skin Enterprises Ahead of 2Q Revenue/EPS

In a report published Wednesday, Deutsche Bank analyst Bill Schmitz Jr. reiterated a Buy rating on

, and raised the price target from $65.00 to $80.00. In the report, Deutsche Bank noted, “Company now expecting 2Q revenue and EPS of $680 million and $1.20 versus prior revenue guidance of $570 to $580 million and EPS guidance of $0.91 to $0.95. Foreign currency negatively impacted revenue growth in the quarter by roughly 3%. Company is also increasing 2013 revenue guidance by $320 million (or 12.7%) to $2.83 to $2.86 billion, with currency expected to be a 5 point headwind, and hiking 2013 EPS guidance to $4.85 to $5.00 vs. prior guidance of $4.18 to $4.30. We are raising our F2013 EPS estimate to $5.00 to reflect the 2Q beat and higher management guidance.” Nu Skin Enterprises closed on Tuesday at $66.57.