Herbalife Ltd. (HLF) Stock Downgraded By Zacks, Canaccord

HFA Padded
Mark Melin
Published on
Updated on
Herbalife

Herbalife Ltd. (NYSE:HLF) has received a series of recent downgrades, most recently coming from Zacks, which moved the rating to Neutral from Outperform. While Zacks maintains a price target of $64.20 after the downgrade, over 20% above the current share price near $54, Canaccord Genuity cut their price target from $87 to $73, moving their recommendation form a Buy to a Hold rating. Barclays raises price target, then Federal Trade Commission announces investigation The current downgrades come as Barclays PLC (NYSE:BCS) (LON:BARC) had raised their price target on the stock in January to $94 from $78.  Two days after Barclays…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.