Herbalife Ltd. (NYSE:HLF) has been downgraded by equity researches at S&P Capital IQ from Neutral to Sell in their research report issued Monday. However, the analysts boosted Herbalife’s price target from $50 to $75.
Good news factored in the price
S&P Capital IQ analyst Tom Graves believes all the good news – and then some – is already baked into the recent price levels of Herbalife Ltd. (NYSE:HLF).
In its report, the analyst indicates that he still believes that concerns about Herbalife’s business model, the sustainability of its growth and possible regulatory scrutiny will limit valuation of the model.
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