Analyst Chasen Bender from Citi maintained a Buy rating on Herbalife (HLF – Research Report) and decreased the price target to $13.00 from $16.00.
Chasen Bender’s rating is based on a combination of factors, primarily focusing on the web and app traffic data trends for Herbalife. The data indicates that in the United States, there has been a significant increase in average unique visitors to myherbalife.com, suggesting strong digital engagement in a key market. Additionally, there are signs of improvement in the Mexican market with average active users of the Herbalife Shop app showing positive growth in September.
Despite some mixed results in other regions, such as India and globally, where certain metrics have declined, the overall trend within core markets provides a positive outlook. The decision to lower the target price to $13 reflects tempered expectations from softer sales forecasts, particularly in Asia and Latin America, but the expected share price return remains substantial at 88.1%. This combination of strong market engagement and potential long-term returns supports the Buy rating.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HLF in relation to earlier this year.
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Herbalife (HLF) Company Description:
Herbalife Nutrition Ltd. is a holding company, which engages in the development and sale of nutrition solutions. It operates through the following segments: North America; Mexico; South and Central America; Europe, Middle East, and Africa; Asia pacific; and China. The company was founded by Mark Reynolds Hughes in February 1980 and is headquartered in George Town, Cayman Islands.
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Publish date : 2024-10-25 10:04:00
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