GNC Holdings checks show sales pick up after storms, says Wedbush Wedbush said its channel checks indicate sales at GNC Holdings picked up after the snow storms, which it believes mitigated the overall impact. The firm thinks the near-term impact from weather and increased promotional activity is largely priced into GNC shares and keeps an Outperform rating on the stock.
News For GNC From The Last 14 Days
Check below for free stories on GNC the last two weeks.
On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: 21st Century Fox (FOXA) downgraded to Buy from Strong Buy at ISI Group... Charter (CHTR) downgraded to Hold from Buy at Jefferies... Covidien (COV) downgraded to Hold from Buy at Needham... Diageo (DEO) downgraded to Underweight from Neutral at JPMorgan... GNC Holdings (GNC) downgraded to Hold from Buy at Jefferies... International Game (IGT) downgraded to Market Perform from Outperform at BMO Capital... JAVELIN Mortgage (JMI) downgraded to Market Perform from Outperform at JMP Securities... Macquarie Group (MQBKY) downgraded to Underweight from Neutral at JPMorgan... PNC Financial (PNC) downgraded to Neutral from Buy at Compass Point... PetSmart (PETM) downgraded to Sector Perform from Outperform at RBC Capital... Rexam (REXMY) downgraded to Hold from Buy at Deutsche Bank.
GNC Holdings downgraded to Hold from Buy at Jefferies Jefferies downgraded GNC Holdings to Hold citing a slowdown in industry sales trends and risk of near-term earnings disappointments. The firm lowered its price target for shares to $39 from $50.