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Fly News Breaks for May 6, 2015
HLF
May 6, 2015 | 07:49 EDT
Canaccord said the current valuation of Herbalife overly discounts its business and cash flow. The firm noted its Q1 results beat expectations, citing its business trends and margins as well as the changes to its marketing plan. Canaccord reiterated its Buy rating and raised its price target to $53 from $50 on Herbalife shares.
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