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UPDATE: Jefferies Upgrades Herbalife (HLF) to Buy

July 12, 2022 6:15 AM EDT
Get Alerts HLF Hot Sheet
Price: $16.98 --0%

Rating Summary:
    9 Buy, 3 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 12 | Down: 16 | New: 15
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(Updated - July 12, 2022 8:48 AM EDT)

Jefferies analyst Chris Neamonitis upgraded Herbalife (NYSE: HLF) from Hold to Buy with a price target of $26.00.

The analyst commented, "We see an asymmetrical set-up; $17 downside / $36 upside PT. Stock pricing in greater est. downside vs. what we see as likely. We trim slightly but revise less vs. peers and upside is plausible if ASP increase sticks. HLF is a momentum biz - we're monitoring alt data signs of improving distrib. engagement. Current 4.5x FY2 PE (5.3x FY23 JEFe) near all-time lows, 40% disc to peers, and undervalues cash flow conversion. Unchanged $26 PT on 7x FY23E, 30%+ upside."

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 $19.71 yesterday.


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