Skincare Products Launch Changes Company Fortunes
Nu Skin Enterprises a known skincare product company recently got upgraded by a Wedbush analyst from Neutral status to Outperform status based on the forecast of its upcoming skincare product launches.
The target price of the stock was raised by $8 to $48, based on the fact that the new skincare products are expected to strengthen recruitments along with productivity of the distributors. These various factors are assumed to assist the company in beating the profit predictions of 2012.
The upcoming launch of the new skincare products for body has received favorable feedback and is expected to become the catalysts to higher profits in the future. The upcoming skincare products are undoubtedly going to carve a niche in the market for Nu Skin Enterprises in the direct selling industry, as per the analysts.