NEW YORK (TheStreet) -- Shares of GNC Holdings Inc. (GNC) are lower by -1.60% to $34.40 in pre-market trading this morning following a ratings downgrade to "neutral" from "outperform" at Baird Capital.
The firm said it cut its rating on the specialty retailer of health and wellness products based on the recent unexpected resignation of the company's CFO, which leaves GNC with an uncertain future.
Separately, TheStreet Ratings team rates GNC HOLDINGS INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate GNC HOLDINGS INC (GNC) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income."