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Fly News Breaks for August 22, 2019
USNA
Aug 22, 2019 | 08:48 EDT
As previously reported, Jefferies analyst Stephanie Wissink initiated Usana with a Hold rating and $65 price target. Usana's product line "is rooted in science but lacks distinctiveness," said Wissink, who also noted that China accounts for 55% of the company's sales and "the vast majority" of its growth. Given a lack of visibility into a rebound in China, she recommends staying on the sidelines.
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