USANA Health Sciences "hold," estimates reduced

09/19/06 - Wedbush Morgan Securities

NEW YORK, September 19 (newratings.com) - Analysts at Wedbush Morgan maintain their "hold" rating on USANA Health Sciences Inc (USNA), while reducing their estimates for the company. The 12-month target price is set to $44.

In a research note published yesterday, the analysts mention that the company has introduced a new magazine, redesigned its distributor website and launched web conferencing facilities for its independent distributors in order to boost sales growth. USANA Health Sciences has also launched the TenX fruit and fiber bar, the analysts say. The EPS estimate for 2007 has been reduced from $2.56 to $2.51 to reflect an expected increase in SG&A expenses.