Usana price target lowered to $38 from $46 at DA Davidson

DA Davidson analyst Linda Bolton Weiser lowered the firm’s price target on Usana to $38 from $46 and keeps a Neutral rating on the shares. The company’s Q2 earnings miss reflects the company’s continued struggle with macro pressures while it also ran fewer promotions to drive demand, the analyst tells investors in a research note. Remedial actions are being taken by Usana, but the management needs to have more urgency and target improvement in a matter of quarters rather than years, the firm added.