Usana price target lowered to $48 from $53 at DA Davidson

DA Davidson lowered the firm’s price target on Usana to $48 from $53 and keeps a Neutral rating on the shares. The company reported a Q4 earnings beat due to a successful global incentive offering, but all four of its regions posted constant currency sales declines, the analyst tells investors in a research note. Profitability in 2024 is also expected to be impacted by investments to support the Rise bar product line and expansion into India, the firm added.