Nu Skin price target lowered to $115 from $150 at Deutsche Bank Deutsche Bank lowered its price target for Nu Skin shares to $115 citing reduced 2014 China estimates, but the firm think current share levels provide an attractive entry point into the name. Deutsche believes the stock is discounting a significant decline in Nu Skin's Chinese business and keeps a Buy rating on the name.
Nu Skin gets direct selling authorization for additional city in mainland China Nu Skin Enterprises announced it has received approval from China's Ministry of Commerce for the company to commence direct selling activities in Shaoxing City in Zhejiang Province. Nu Skin is now licensed in 30 cities in 19 provinces and municipalities. The licensing process included a review of the company's operations. According to the Shaoxing City government, the city's population was more than 6M in 2013.