Bank of America Downgrades Nu Skin Enterprises - Nu Skin Enterprises (NYSE:NUS)

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In a report released Friday, Bank of America analyst Olivia Tong Downgrades Nu Skin Enterprises, Inc. (NYSE: NUS) from Neutral to Underperform and cuts its price target to $63 a shareThe Bank of America downgrades is due to Nu Skin challenges faced in China with low cost leverage including a higher fixed based in units until recently. China is Nu Skins most fastest growing market but currently faces trouble in decreasing clearance on covenants. The Bank of America note included company difficulty in a higher fixed cost base in China, negative feedback in survey in the near term of multi-level direct markers, and troublesome comp reports in its last quarter. Analyst at Bank of America cut Nu Skin Enterprises full year 2014 EPS from the range of $6.22 to $6.93 to the range of $5.25 to $5.75.

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