Herbalife (HLF) stock plummeted by 5.06% in Tuesday's intraday trading session, underperforming the broader market. This sell-off came after a negative analyst rating on the company's shares.
Bank of America Securities analyst Anna Lizzul reiterated a Sell rating on Herbalife with a price target of $7.00, citing limited upside potential and low visibility into the company's future growth prospects.
Lizzul's bearish view reflects concerns about Herbalife's ability to drive strong revenue and earnings growth going forward. The analyst's price target implies further downside risk of around 35% from the stock's current levels.
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