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Shares of Herbalife (HLF -2.3%) finish the day well into negative territory despite a higher...

Shares of Herbalife (HLF -2.3%) finish the day well into negative territory despite a higher opening in response to an earlier upbeat research note from D.A. Davidson's Timothy Ramey, calling the company a best idea for 2013. Ramey cites a possible takeout bid or a potential deal for HLF to snap up a peer. He says growth could accelerate this year given that forex should be less of a drag, and sales out of China are likely to become a significant part of it's revenue model. The firm maintains a Buy rating with $72 price target over the near term, while its long-term target remains at $120.
Comments (2)
  • Julius Ferraro
    , contributor
    Comments (495) | Send Message
     
    He must be delusional. Put him in the same room with the $1111 Apple analyst
    2 Jan 2013, 04:30 PM Reply Like
  • BHL
    , contributor
    Comments (42) | Send Message
     
    I have no skin in the game on HLF, but watch out for the analyst Ramey. He will get you killed. See DMND. He was arguably the biggest bull on that name, telling you to buy all the way down from at least $50 (maybe higher) to current ~$14. And then he also is touting USNA with an $80 PT. I mean, he backs all the really controversial names and he is just dangerous. He tells you to buy some real hairy stuff, and I am not sure he does any real work beyond listening to what management tells him. Scary.
    2 Jan 2013, 04:42 PM Reply Like
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