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Fly News Breaks for November 6, 2019
NUS
Nov 6, 2019 | 08:33 EDT
Citi analyst Beth Kite downgraded Nu Skin to Neutral from Buy after the company's Q3 sales of $590M missed her and the consensus forecasts and the company lowered 2019 EPS and sales guidance. While Nu Skin management expressed excitement about innovation that is on the horizon, the company's big launch won't be until the second half of 2020, noted Kite, who lowered her estimates following the company's report and guidance cut.
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