UPDATE - Barclays Initiates Coverage on Herbalife (HLF) with an Overweight; See Strong Growth For Many More Years

March 9, 2012 12:44 PM EST Send to a Friend
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Price: $50.54 --0%

Rating Summary:
    5 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 10 | Down: 20 | New: 10
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UPDATE - Barclays initiates coverage on Herbalife (NYSE: HLF) with an Overweight rating. PT $89.

Analysts Meredith Adler & Brian Wang, said, "HLF's growth is still in its early stages, and we think EPS growth of around 20% annually over the next 10 years is possible...HLF has transformed itself by shifting from the selling of bulk products infrequently to selling individual servings for a nominal fee on a daily basis. This has expanded the number of people who can afford its products, increased distributor retention and engagement, and driven very strong financial results for the past several years."

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