Nu Skin Enterprises initiated with "neutral"

03/29/06 - D.A. Davidson & Co.

NEW YORK, March 29 (newratings.com) - Analyst Timothy S Ramey of DA Davidson initiates coverage of Nu Skin Enterprises Inc (NUS) with a "neutral" rating. The 12-18-month target price is set to $19.

In a research note published yesterday, the analyst mentions that the company's Q1 EPS is expected to be diluted by option expenses of $0.02 and restructuring expenses of $0.27-$0.35. DA Davidson expects 2006 to be a year of transition for Nu Skin Enterprises, in view of the two upcoming significant product launches. The company possesses impressive growth potential in the long-term, the analyst adds.