Fly News Breaks for October 30, 2019
HLF, USNA, NUS
Oct 30, 2019 | 07:46 EDT
As previously reported, Stifel analyst Mark Astrachan upgraded Nu Skin (NUS) to Hold from Sell with a price target of $45, up from $38.50. While he thinks trends in China, which makes up 33% of sales, will likely remain negative for the foreseeable future, he now thinks they are unlikely to worsen. Astrachan notes that multi-level direct selling peers Usana (USNA) and Herbalife Nutrition (HLF) reported sequential improvement in 2-year trends in China and he sees "sequentially less bad results in China" in coming quarters for Nu Skin.
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