Usana price target raised to $52.50 from $49 at DA Davidson

DA Davidson analyst Linda Bolton Weiser raised the firm’s price target on Usana to $52.50 from $49 and keeps a Neutral rating on the shares. The analyst cites the company’s better than expected Q4 amid a surge in China upon lifting of restrictions. The firm is also raising its modeled target earnings multiple to 16-times from 13-times to reflect the resumption of growth in China.