UPDATE: BTIG Research Initiates Coverage On Herbalife On Significant Upside Potential

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.
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HLFHerbalife Ltd
$8.273.12%

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Momentum
27.69
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65.80
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Value
46.59
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