Vitamin Shoppe falls 1.3% pre-market on Sterne Agee downgrade

|About: Vitamin Shoppe, Inc. (VSI)|By:, SA News Editor

Shares of Vitamin Shoppe (VSI) fall 1.3% pre-market after Sterne Agee downgrades the company to Neutral from Buy and lowers its PT to $45 from $54.

The firm noted that increased competitive pressures and a cautious consumer have led to a slowdown in store traffic. Agee views Street estimates as too high and does not see near-term catalysts for the stock.