Reliv' International initiated with "buy"

04/26/06 - Canaccord Adams

NEW YORK, April 26 (newratings.com) - Analyst Scott Van Winkle of Canaccord Adams initiates coverage of Reliv’ International Inc (RELV) with a "buy" rating. The 12-month target price is set to $16.

In a research note published yesterday, the analyst mentions that the company is expected to report its 1Q EPS, scheduled to be announced in early May, at $0.14, in-line with the consensus. Reliv’ International is likely to be able to achieve more than 100bps in operating margin expansion per year and generate 10%-15% revenue growth and 20% EPS growth annually going ahead, the analyst says.