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D.A. Davidson Names Herbalife a 'Best Idea' for 2013

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Shares of Herbalife (NYSE: HLF) are now trading well into negative territory heading into the last hour of Wednesday's trading session. After opening at $33.84 earlier (up 2.7 percent from Monday's close), Herbalife shares are now down nearly 3 percent to around $32.

Traders in the stock are responding to an earlier research note from D.A. Davidson's Timothy Ramey. The analyst called Herbalife a best idea for 2013, citing a possible bid for the company or a potential deal for Herbalife to buy a peer. Ramey believes Herbalife's growth could accelerate this year compared to 2012 given forex which should be less of a drag in 2013.

Ramey said he expects sales out of China to become a "more important" part of Herbalife's revenue model.

D.A. Davidson maintains a Buy rating and $72 price target on shares of Herbalife. The firm's long-term price target remains at $120.

Latest Ratings for HLF

Aug 2015Pivotal ResearchMaintainsBuy
May 2015Canaccord GenuityMaintainsBuy
Mar 2015Canaccord GenuityMaintainsBuy

View More Analyst Ratings for HLF
View the Latest Analyst Ratings

Posted-In: Analyst Color Analyst Ratings


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