Canaccord Genuity Positive on Herbalife (HLF) After Global Growth Conference; Attractive Valuation

Canaccord Genuity reiterates a 'Buy' on Herbalife (NYSE: HLF) price target of $76.00.

Analyst, Scott Van Winkle, said, "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 and earnings growth...The shares trade at just 11.6x our F2013 EPS estimate and 8x projected EBITDA, a valuation we find attractive given the growth, free cash flow, the historical 14+ PE and favorable financial returns."

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 $52.05 yesterday.

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