Skip to main content

Market Overview

UPDATE: Bank Of America Downgrades Nu Skin Enterprises

Share:

In a report released Friday, Bank of America analyst Olivia Tong downgraded Nu Skin Enterprises (NYSE: NUS) from Neutral to Underperform and cuts its price target to $63 a share

The downgrades is due to Nu Skin challenges faced in China with low-cost leverage including a higher fixed base in units until recently. China is Nu Skin's 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 the near-term in survey of multi-level direct markers and troublesome comp reports in its last quarter.

Analysts at Bank of America cut full year 2014 EPS from the range of $6.22 to $6.93 to the range of $5.25 to $5.75.

Latest Ratings for NUS

DateFirmActionFromTo
Feb 2021DA DavidsonDowngradesBuyNeutral
Feb 2021JefferiesMaintainsBuy
Oct 2020DA DavidsonMaintainsBuy

View More Analyst Ratings for NUS
View the Latest Analyst Ratings

 

Related Articles (NUS)

View Comments and Join the Discussion!

Posted-In: Bank of America Olivia TongDowngrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
FIBKStephens & Co.Downgrades
LEAFCanaccord GenuityDowngrades8.5
AGMSidoti & Co.Downgrades115.0
KEXGabelli & Co.Downgrades
OCGNCantor FitzgeraldDowngrades11.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com