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Fly News Breaks for April 29, 2016
VSI, GNC
Apr 29, 2016 | 05:46 EDT
Goldman Sachs analyst Stephen Tanal downgraded GNC Holdings (GNC) to Neutral following the company's Q1 results and cut his price target for the shares to $30 from $40. The business "now appears to be stagnating at best," Tanal tells investors in a research note. He expects GNC's challenges to persist. The analyst also lowered his price target for Vitamin Shoppe (VSI) to $31 from $34 and keeps a Neutral rating on the name.
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