Courtesy of Benzinga.
In a report published Wednesday, BTIG Research analyst April Scee initiated coverage on Herbalife Ltd. NYSE: HLF) with a Buy rating and $55.00 price target.
In the report, BTIG Research noted, “Great industry dynamics & strong business model, but this is not the current focus as stock continues to trade on sentiment, not fundamentals. Importantly, we’re confident Herbalife isn’t a pyramid scheme. However, we believe the stock will continue to trade on sentiment, so we’d approach with caution despite significant upside potential. Initiate with Buy.”
Herbalife closed on Tuesday at $38.32.
Latest Ratings for HLF
Date | Firm | Action | From | To |
---|---|---|---|---|
Nov 2014 | BTIG Research | Initiates Coverage on | Buy | |
Nov 2014 | SunTrust Robinson Humphrey | Downgrades | Buy | Neutral |
Oct 2014 | Pivotal Research | Initiates Coverage on | Buy |
View More Analyst Ratings for HLF
View the Latest Analyst Ratings
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