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Nature’s Sunshine assumed with a Buy at DA Davidson

DA Davidson assumed coverage of Nature’s Sunshine (NATR) with a Buy rating with a price target of $19, down from $23.50. The firm is positive on the risk-reward for a business with clear greenshoots, proactive management of a dynamic environment, and a clean balance sheet while its stock trades nearer multi-year trough on enterprise value to expected EBITDA multiple, the analyst tells investors in a research note. The company’s Q1 results also bested its internal expectations, with sequential progress across regions, the firm added.

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