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Fly News Breaks for May 5, 2016
GNC
May 5, 2016 | 08:21 EDT
As previously reported, Morgan Stanley downgraded GNC Holdings to Equal Weight from Overweight. Analyst Simeon Gutman expects ROIC to be pressured over time given the imbalance between store productivity and square footage growth, and believes refranchising efforts will not be executed quickly enough to free up the company's capital base. .
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