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Stock Market & Financial Investment News

News Breaks
July 17, 2014
10:12 EDTGNC, VSIGNC drops after analyst downgrades on sales concerns
Shares of vitamins and supplements retailer GNC (GNC) are falling after research firm Jefferies downgraded the stock to Hold from Buy in a note to investors today. WHAT'S NEW: The growth of vitamins and supplements sales appear to be slowing, as sales of the products were "flattish" in Q2 and rose only 1% through the four weeks ending July 5, wrote Jefferies analyst Mark Wiltamuth. Until recently, sales of the products had risen at a 6%-10% annual clip for years, the analyst reported. GNC will also face a hit following the FDA's crack down on a pre-workout supplement called DMAA, as the supplement accounted for 8% of the company's sales, Wiltamuth believes. Additionally, the company faces a tough comparison in Q2, as it launched its Gold Card discount plan in the second quarter of 2013, the analyst noted. Warning that GNC's comparative sales could drop in Q2 and Q3, Wiltamuth thinks anemic sales growth could hurt its margins. He slashed his price target on the name to $39 from $50. PRICE ACTION: In early trading, GNC shares fell 82c, or 2.3% to $34.78. One of GNC's competitors, Vitamin Shoppe (VSI), lost 0.7% to $42.72.
News For GNC;VSI From The Last 14 Days
Check below for free stories on GNC;VSI the last two weeks.
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August 20, 2014
08:51 EDTGNCGNC purchase of shares by chairman a vote of confidence, says Sterne Agee
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August 14, 2014
17:20 EDTGNCTrian Fund gives quarterly update on stakes
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August 13, 2014
16:15 EDTGNCGNC Holdings increases share repurchase authorization to $500M
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August 11, 2014
10:27 EDTVSI, GNCGNC rises after upgrade, Vitamin Shoppe seen as potential partner
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10:19 EDTGNCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Achillion (ACHN) upgraded to Outperform from Market Perform at Wells Fargo... Alon USA Partners (ALDW) upgraded to Outperform from Neutral at Credit Suisse... Buenaventura (BVN) upgraded to Buy from Underperform at BofA/Merrill... CNO Financial (CNO) upgraded to Overweight from Equal Weight at Morgan Stanley... Central European Media (CETV) upgraded to Neutral from Sell at Goldman... Cepheid (CPHD) upgraded to Neutral from Cautious at ISI Group... Chuy's (CHUY) upgraded to Outperform from Market Perform at Raymond James... Compressco (GSJK) upgraded to Strong Buy from Market Perform at Raymond James... Concho Resources (CXO) upgraded to Overweight from Equal Weight at Stephens... Frank's International (FI) upgraded to Neutral from Sell at Goldman... Freeport McMoRan (FCX) upgraded to Buy from Hold at Argus... GNC Holdings (GNC) upgraded to Outperform from Neutral at Credit Suisse... Genworth (GNW) upgraded to Equal Weight from Underweight at Morgan Stanley... Gulfport Energy (GPOR) upgraded at Stifel... Huntington Ingalls (HII) upgraded to Buy from Neutral at UBS... Hyatt Hotels (H) upgraded at Stifel... J.C. Penney (JCP) upgraded to Hold from Sell at Craig-Hallum... Kinder Morgan (KMI) upgraded to Buy from Neutral at BofA/Merrill... Krispy Kreme (KKD) upgraded to Outperform from Neutral at Wedbush... Oasis Petroleum (OAS) upgraded to Buy from Neutral at Sterne Agee... PepsiCo (PEP) upgraded to Buy from Neutral at UBS... Regency Centers (REG) upgraded to Neutral from Underperform at BofA/Merrill... SandRidge Energy (SD) upgraded to Reduce from Sell at KLR Group... Southwest Gas (SWX) upgraded to Buy from Hold at Brean Capital... Tesla (TSLA) upgraded to Buy from Hold at Deutsche Bank.
05:42 EDTVSI, GNCGNC Holdings upgraded to Outperform from Neutral at Credit Suisse
Credit Suisse upgraded GNC Holdings (GNC) to Outperform citing valuation, its positive view of new CEO Michael Archbold, and the potential for an accretive acquisition of Vitamin Shoppe (VSI). The firm keeps a $43 price target for shares.
August 6, 2014
10:00 EDTVSIOn The Fly: Analyst Downgrade Summary
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08:55 EDTVSIVitamin Shoppe downgraded to Buy from Conviction Buy at Goldman
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