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Fly News Breaks for November 17, 2015
VSI
Nov 17, 2015 | 13:44 EDT
As previously reported, Baird downgraded Vitamin Shoppe to Neutral from Outperform and lowered its price target to $31 from $38. Analyst Peter Benedict is stepping to the sidelines on Vitamin Shoppe following reports the U.S. Department of Justice is poised to announce criminal and civil actions related to dietary supplements sales and unlawful ads later today. Benedict said the prospect of federal government involvement and the negative news flow around the industry further clouds the fundamental outlook for the company.
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