Canaccord Genuity Reiterates a 'Buy' on HLF; Can't Find an Achilles' Heel at Herbalife

Canaccord Genuity reiterates a 'Buy' on Herbalife (NYSE: HLF), raises PT from $81 to $87.

Canaccord analyst says, "We reiterate our rating and believe Herbalife’s efficient business model along with deployment of its daily consumption models across its major markets will continue to drive double-digit revenue growth and mid-teens annual earnings growth...Raising price target as we believe global momentum continues and the new products and tools are being put in place to support continued growth."

For more ratings news on Herbalife click here and for the rating history of Herbalife click here.

Shares of Herbalife closed at $76.78 yesterday.

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