While there is increased likelihood of another El Nino weather pattern in Australia in the second half of the year the broker sees a moderate to average harvest as more likely, but it suggests the stock is being priced for a poor harvest.
This implies some upside risk to market numbers in its view and this potential is enough to justify an Outperform rating. Sector: Food Beverage and Tobacco.
Target price is $10.72.Current Price is $7.07. Difference: $3.65 - (brackets indicate current price is over target). If GNC meets the Credit Suisse target it will return approximately 34% (excluding dividends, fees and charges - negative figures indicate an expected loss).
GNC Price at posting:
$5.97 Sentiment: Buy Disclosure: Held
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