What to Know About Jefferies’ Herbalife Nutrition Downgrade
Jefferies has lowered its Herbalife Nutrition rating HLF to Hold with a price target of $26.00, taking his price target from $60.00 to $26.00.
Herbalife Nutrition shares are trading down 8.74% in the past 24 hours, at $25.16 per share.
A move to $26.00 would represent a 3.34% increase over the current stock price.
About Herbalife Nutrition
Herbalife Nutrition Ltd is an international nutrition company. The company has five revenue segments: weight management; targeted nutrition; energy, sports and fitness; external nutrition; and literature, promotion and others. The largest segment, weight management, which contributes more than 50% of sales, has as its representative products protein drinks, powders and bars, and herbal tea concentrates, among others. The Targeted Nutrition segment offers dietary and nutritional supplements rich in herbs, minerals and vitamins. Energy, Sport and Fitness offers energy drinks, while External Nutrition offers face, body and hair care products. Geographically, the main segments are North America, Mexico, South and Central America, EMEA, Asia-Pacific and China.
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.