Piper Jaffray Reiterates OW Rating, $34 PT On VSI

Yesterday afternoon, Vitamin Shoppe, Inc. (NYSE: VSI) management presented at ICR's Investor conference, Piper Jaffray reports.

“Although no major updates on the quarter were revealed we continue to remain positive on the story based on steady industry growth and unit growth of 10% per year for the foreseeable future,” Piper Jaffray writes. “We are reiterating our OW rating and $34 PT.”

Vitamin Shoppe closed Wednesday at $32.30.