Citi lowered the firm’s price target on Herbalife to $16 from $19 and keeps a Buy rating on the shares. Herbalife’s global web and app traffic trends worsened sequentially in Q1 compared to Q4, the analyst tells investors in a research note. The firm says that while there was a notable quarter-over-quarter improvement in web traffic trends to myherbalife.com in the U.S. in Q1, Herbalife Shop app traffic trends continued to worsen.
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