Sterne Agee Raises GNC Holdings Inc Price Target

Aanalysts at Sterne Agee raised their price target on shares of GNC Holdings Inc (NYSE: GNC) to $47 from $36 and retained their Buy rating on the stock.

Charles Grom believes GNC’s new CEO Mike Archbold provides seasoned experience in retail and brings a fresh perspective to the company.

In addition, a GNC/VSI deal is possible. Analysts stated, “VSI's Board could be mulling its options with regards to a possible sale of the company, particularly given the lack of high caliber management talent available in retail and VSI's recent push into an unfamiliar manufacturing business.”

Shares of GNC recently traded at $41.30, up 0.7 percent, in Friday's premarket.