D.A. Davidson & Co. Reiterated Buy on Herbalife and Raised PT to $115

D.A. Davidson & Co. analyst Timothy Ramey reiterated a Buy rating on Herbalife Ltd. HLF and raised the price target from $92.00 to $115.00. In Ramey's Holiday note, he commented, "We'd like to thank Mom, Jesus, and the short sellers. By throwing down the gauntlet to the degree that they did – daring PwC to render a clean audit – they elevated the level of scrutiny to a level heretofore unheard of." The analyst continued that this audit "paved the way" for a significant growth in stock valuation. D.A. Davidson & Co. noted that Herbalife could easily trade at 20 times their EPS, or $115 per share. The analyst added that Google Trends data presented last week estimates a strong fourth quarter. Herbalife closed at $74.83 on Monday. Shares are currently trading +1.131% at $75.81.