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UPDATE: Jefferies Initiates Coverage on GNC Holdings on Top Pick Status

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Benzinga's M&A Chatter for Thursday September 18, 2014

In a report published Tuesday, Jefferies analyst Mark Wiltamuth initiated coverage on GNC Holdings (NYSE: GNC) with a Buy rating and $68.00 price target.

In the report, Jefferies noted, “We view GNC as a ‘Growth at Reasonable Price' story and it is our top stock pick. We believe the May 2013 rollout of new Gold Card member pricing sets the company up to accelerate to double-digit comps and 23% EPS growth 2013-2014. Current valuation of 15.5x 2014 P/E looks attractive vs. this growth outlook. GNC has the lowest P/E to growth ratio in our universe.”

GNC Holdings closed on Monday at $54.46.

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: Jefferies Mark WiltamuthAnalyst Color Initiation Analyst Ratings

 

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