Herbalife (HLF) Gains as Analyst Sees Large Share Repurchases

Herbalife (NYSE: HLF) moves higher as analyst Timothy Ramey sees a large share repurchase.

He said, "While the specifics of a share repurchase cannot be known today, we believe it is incumbent on us to provide the analysis pro-forma for a share repurchase. We have modeled a $1.4 billion share repurchase at $52 per share as the outcome; 26.9 million shares – or about 29% of shares outstanding."

Shares are up 0.3% after trading down more than 3% earlier.

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