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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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September 30, 2014
10:02 EDTVSIOn The Fly: Analyst Downgrade Summary
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05:48 EDTVSIVitamin Shoppe downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Vitamin Shoppe to Neutral after its study indicated the company's prices remain elevated versus the competition. Piper believes Vitamin Shoppe may have to invest in price and lowered its price target for shares to $44 from $45.
September 20, 2014
20:53 EDTVSIVitamin Shoppe shares could climb over 20%, Barron's says
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September 19, 2014
09:16 EDTGNC, VSIGNC Holdings price target raised to $47 from $36 at Sterne Agee
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September 18, 2014
17:00 EDTGNCGNC Holdings considering sale after receiving private equity interest, FT says
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16:11 EDTGNCGNC Holdings appoints Daisy Vanderlinde as Chief Human Resource Officer
GNC Holdings (GNC) announced the addition of Daisy Vanderlinde as Chief Human Resource Officer. Vanderlinde comes to GNC most recently from Office Depot, where she was Executive Vice President of Human Resources (ODP).
16:09 EDTGNCGNC Holdings appoints Jeffrey Hennion as Chief Marketing and eCommerce Officer
GNC Holdings announced the addition Jeffrey R. Hennion as executive vice president, Chief Marketing and eCommerce Officer. Hennion comes to GNC most recently from Branding Brand, where he served as CFO.
15:48 EDTGNCGNC considering options after receive PE interest, FT says
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15:09 EDTVSI, GNCVitamin Shoppe holders urge exploration of sale to GNC or pe firm, Reuters says
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14:53 EDTVSIVitamin Shoppe jumps 4% after report of stakeholder urging sale exploration
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14:53 EDTVSIVitamin Shoppe being called on to sell itself by shareholders, Reuters says
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