Herbalife (HLF) Becomes 'Best Idea for 2013' at One Firm Amid Ackman Bashing
Tweet Send to a FriendGet Alerts HLF Hot Sheet
Price: $44.44 +0.68%
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Rating Summary:
5 Buy, 2 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 11 | Down: 35 | New: 23
Trade HLF Now!
Herbalife (NYSE: HLF) is lower Wednesday afternoon amid positive comments out of D.A. Davidson earlier.
D.A. Davidson said Herbalife was its best idea for 2013. The firm has a price target of $72 on the stock and long-term price target of $120.
Catalysts for upside include a potential bid or takeover of a peer. With foreign exchange less of a drag on the stock, D.A. Davidson sees growth accelerating this year with China playing a more important role in growth.
Comments come following Pershing Square's Bill Ackman saying Herbalife was basically worthless and a Ponzi scheme. Herbalife will be holding an investor and analyst meeting on January 10th.
Shares are down 2.5 percent on the session.
For an analyst ratings summary and ratings history on Herbalife click here. For more ratings news on Herbalife click here.
Shares of Herbalife closed at $32.94 yesterday, with a 52 week range of $24.24-$73.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
D.A. Davidson said Herbalife was its best idea for 2013. The firm has a price target of $72 on the stock and long-term price target of $120.
Catalysts for upside include a potential bid or takeover of a peer. With foreign exchange less of a drag on the stock, D.A. Davidson sees growth accelerating this year with China playing a more important role in growth.
Comments come following Pershing Square's Bill Ackman saying Herbalife was basically worthless and a Ponzi scheme. Herbalife will be holding an investor and analyst meeting on January 10th.
Shares are down 2.5 percent on the session.
For an analyst ratings summary and ratings history on Herbalife click here. For more ratings news on Herbalife click here.
Shares of Herbalife closed at $32.94 yesterday, with a 52 week range of $24.24-$73.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- UPDATE: Vanda Pharmaceuticals (VNDA) Opens Higher; Lazard Raises PT to $17
- UPDATE: Student Loan Rates Set for Change; ITT (ESI) & Corinthian (COCO) on Move
- Berkshire Hathaway (BRK-A) Cut to 'AA' From 'AA+' by S&P
Create E-mail Alert Related Categories
Analyst Comments, Trader TalkRelated Entities
William Ackman, Pershing Square Capital, D.A. Davidson
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
