This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

NBTY Shares Jump As Wedbush Morgan Upgrades

NEW YORK (AP) ¿ Shares of NBTY Inc. jumped Friday after a Wedbush Morgan analyst upgraded the stock and expects the maker of nutritional products to see better gross margins and benefits from an acquisition and currency exchange rates.

The stock gained $1.68, or 6.4 percent, to reach $27.75 in morning trading. Shares have traded between $12.22 and $37.26 over the past 52 weeks.

The Ronkonkoma, N.Y.-based company makes and sells nutritional supplements, including vitamins.

Wedbush Morgan analyst Rommel T. Dionisio upgraded shares to "Buy" from "Hold" and boosted his price target to $30 from $24 in a note to investors. He expects the company's gross margins to begin improving, after slumping because of high raw-material costs.

Meanwhile, the company should see cost savings as it integrates Leiner Health Products Inc., which it bought in 2008.

"In addition to favorable currency movements, we expect NBTY's core business to also generate solid momentum, driven by expanded shelf space in retailers such as Wal-Mart and Costco as well as robust high single-digit industry growth in the mass market nutritional supplement market," he said.

Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
FB $81.59 0.86%
GOOG $576.38 0.52%
TSLA $203.24 0.40%
YHOO $43.91 -0.18%
AAPL $126.99 -1.20%

Markets

DOW 18,130.23 +33.33 0.18%
S&P 500 2,099.18 +0.65 0.03%
NASDAQ 4,976.31 +9.1690 0.18%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs