Market Overview

Herbalife Shares Edge Higher; Wedbush Boosts Target to $90, Analyst Shows No Concern on Nu Skin Product

Share:
Related HLF
SunTrust: Potential FTC Resolution Should Lift Herbalife Shares Higher
Mid-Afternoon Market Update: U.S. Stocks Turn Higher; Endo International Shares Plunge
Herbalife 'Litigation' Means FTC Likely Alleges Pyramid Scheme; Strong Sell After Latest Disclosure (Seeking Alpha)
Related NUS
Mid-Day Market Update: Crude Oil Jumps 11%; Nu Skin Shares Tumble Following Weak Results
Mid-Morning Market Update: Markets Open Higher; Groupon Tops Q4 Expectations

Shares of Herbalife (NYSE: HLF) are trading up about a percent Friday morning as traders are cheering a boosted price target from Wedbush's Rommel Dionisio.

Dionisio now expects Herbalife shares to rise to $90 over the next year, up from $80 previously.

The analyst believes Herbalife will be buying back additional shares more aggressively on the heels of the recent re-audit conclusion. Dionisio noted the firm's distributor checks are indicating "not even a slight" slowdown in sales growth following the unveiling of a new Nu Skin (NYSE: NUS) product.

Wedbush maintains an Outperform rating on shares of Herbalife.

With Herbalife shares last trading around $79.50, Dionisio's new price target implies potential upside of about 13 percent.

Latest Ratings for HLF

DateFirmActionFromTo
Apr 2016BarclaysTerminatesOverweightOve
Aug 2015Pivotal ResearchMaintainsBuy
May 2015Canaccord GenuityMaintainsBuy

View More Analyst Ratings for HLF
View the Latest Analyst Ratings

Posted-In: Analyst Color News Price Target Analyst Ratings

 

Related Articles (HLF + NUS)

View Comments and Join the Discussion!