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Fly News Breaks for August 2, 2017
HLF
Aug 2, 2017 | 09:01 EDT
Citi analyst Beth Kite attributes Herbalife's better than expected Q2 earnings to a lower tax rate. The analyst raised her 2017 earnings per share estimate to $4.70 from $4.62 but lowered her 2018 estimate to $4.98 from $5.15. Kite has concerns over the impact of the FTC Consent Order in the U.S., Nutrition Club dynamics and social media pressures in China as well as the distributor sponsorship in Mexico. She lowered her price target for Herbalife shares to $72 from $74 and keeps a Neutral rating on the shares.
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