What To Know About Jefferies's Downgrade of Herbalife Nutrition

Jefferies downgraded its rating of Herbalife Nutrition HLF to Hold with a price target of $26.00, changing its price target from $60.00 to $26.00.

Shares of Herbalife Nutrition are trading down 8.74% over the last 24 hours, at $25.16 per share.

A move to $26.00 would account for a 3.34% increase from the current share price.

About Herbalife Nutrition

Herbalife Nutrition Ltd is an international nutrition company. The company has five revenue segments: weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature, promotional, and other. The most important segment, weight management, contributing more than 50% of revenue, has as representative products protein drinks, powder, and bars, and herbal tea concentrates, among others. The targeted nutrition segment offers dietary and nutritional supplements rich in herbs, minerals, and vitamins. Energy, sports, and fitness offers energy drinks, while outer nutrition offers facial skin-care, body-care, and hair-care products. Geographically, the main segments are North America, Mexico, South and Central America, EMEA, Asia-Pacific, and China.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.