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Fly News Breaks for April 23, 2015
VSI
Apr 23, 2015 | 07:29 EDT
Baird noted activist investor Carlson Capital reported a 5% stake in Vitamin Shoppe, which the firm believes may provide downside support for the shares. The firm thinks, however, that sentiment remains poor, comp expectations appear subdued, and margins will remain under pressure. Baird reiterated its Outperform rating and $50 price target on Vitamin Shoppe, as their thesis of second half margin inflection, improved free cash flow and earnings growth remains intact.
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