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Stock Market & Financial Investment News

News Breaks
August 11, 2014
10:27 EDTGNC, VSIGNC rises after upgrade, Vitamin Shoppe seen as potential partner
Shares of health and wellness product retailer GNC Holdings (GNC) are rising in early trading after analysts at Credit Suisse upgraded the stock. Additionally, the research firm said it remains "intrigued" about the potential for a merger between the company and its peer Vitamin Shoppe (VSI). WHAT'S NEW: In a note to investors this morning, Credit Suisse analysts Gary Balter and Andrew Kinder increased their rating on GNC shares to Outperform from Neutral, citing confidence in the company's CEO, Michael Archbold, and the stock's recent underperformance following earnings misses in its last three consecutive quarters. The analysts contend that GNC has a loyal customer base and that some changes to its cost base, store count and franchise terms could lead it to better results. Credit Suisse maintained its $43 price target on shares of GNC. WHAT'S NOTABLE: The analysts also stated that they "remain intrigued" by the potential for a merger between GNC and its rival Vitamin Shoppe. The two companies have a high degree of store overlap and Vitamin Shoppe would get the sports nutrition and manufacturing operations that it is "currently chasing through dilutive investments" by combining with GNC, the analysts wrote. The research note also pointed out that Archbold, who was appointed GNC's CEO just last week, previously served as the Chief Operating Officer and as the Chief Financial Officer of Vitamin Shoppe and that he has a "rich history with private equity funds." PRICE ACTION: Shares of GNC Holdings rose $1.31, or 4.01%, to $33.98 in mid-morning trading, while Vitamin Shoppe gained $1.06, or 2.82%, to $38.61.
News For GNC;VSI From The Last 14 Days
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March 3, 2015
16:12 EDTVSIVitamin Shoppe appoints Colin Watts as CEO
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February 25, 2015
10:01 EDTVSIOn The Fly: Analyst Downgrade Summary
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05:38 EDTVSIVitamin Shoppe downgraded to Equal Weight from Overweight at Barclays
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February 24, 2015
06:36 EDTVSIVitamin Shoppe sees FY15 EPS $2.36-$2.46, consensus $2.52
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06:36 EDTVSIVitamin Shoppe reports Q4 total comparable sales up 2.1%.
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06:35 EDTVSIVitamin Shoppe reports Q4 adjusted EPS 41c, consensus 41c
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