Canaccord Genuity Reiterates a 'Buy' on Herbalife (HLF); Model Should Continue Driving Double-digit Revenue & EPS Growth

Canaccord Genuity reiterates a 'Buy' on Herbalife (NYSE: HLF) price target of $80.00.

Analyst, Scott Van Winkle, said, "We attended Herbalife’s analyst meeting and President’s Summit this past weekend where the theme was confidence and opportunity for sustainable growth. The financial results illustrate the business momentum and growth, but the strength in the leading metrics and quality of the tools and infrastructure add confidence to the sustainability of the strong top- and bottom-line growth."

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 $71.21 yesterday.

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