image credit: Pexels

Mizuho cuts Herbalife share price target, cites CFA John DeSimone return

March 21, 2024

On Thursday, Mizuho Securities adjusted its outlook on Herbalife (NYSE:HLF) Nutrition Ltd. (NYSE:HLF), reducing the price target to $10 from the previous $12, while keeping a Neutral rating on the stock.

This change comes in the wake of the company’s announcement on March 20, 2024, which included the return of John DeSimone as Chief Financial Officer, a role he previously held from 2010 to 2018, and the reinstatement of guidance for the first quarter and the full year of 2024.