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Fly News Breaks for May 7, 2015
NUS
May 7, 2015 | 06:35 EDT
Citigroup lowered its price target for Nu Skin to $56 after the company reduced its 2015 earnings guidance and announced an SEC investigation of its China business. Citi believes the news wasn't all bad in Q1, pointing out the number of Actives in the qualification process to become Sales Leaders is up 100% at the end of the quarter. The firm keeps a Buy rating on Nu Skin, but adds the year is now "very back-half loaded," which it finds worrisome.
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