Citi analyst Beth Kite views the news today from Herbalife as good for the bulls, but adds that bears "got something, too." Herbalife being able to document well over 80% of sales in the U.S. in May is good news, Kite tells investors in a research note. The combination of the 90% of documented sales from the four allowable buckets with 400,000 Preferred Members speaks to the company having demand for its products, the analyst contends. She notes, however, that getting to this level of documented sales "arose in the face of lower sales" as Herbalife guided down Q2 and 2017 sales. Kite has a Neutral rating on Herbalife with a $74 price target. The stock in morning trading is down 6%, or $4.55, to $69.37.