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Fly News Breaks for April 23, 2015
HLF
Apr 23, 2015 | 07:41 EDT
Canaccord raised its price target on Herbalife to $50 from $42 ahead of Q1 results. The firm expects volume declines amid various new initiatives, as well as foreign exchange headwinds, but believes the current valuation overly discounts the business and its cash flow. Canaccord reiterated its Buy rating on Herbalife shares.
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