B. Riley Securities Maintains Buy on Herbalife, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Herbalife (NYSE:HLF) but has lowered the price target from $17 to $12.
October 31, 2024 | 5:51 pm
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B. Riley Securities has maintained a Buy rating on Herbalife but reduced the price target from $17 to $12, indicating a more cautious outlook.
The reduction in the price target from $17 to $12 suggests a less optimistic view on Herbalife's future performance, which could lead to a short-term negative impact on the stock price. However, the Buy rating indicates that the analyst still sees potential upside.
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IMPORTANCE 80
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