Herbalife buy estimates raised
In a research note published this morning, the analysts mention that the company has received an approval to conduct its direct selling activities in China. Herbalife continues to raise its marketing spending on its brand building initiatives in order to improve its name recognition worldwide, the analysts add. The EPS estimate for 2008 has been raised from $2.80 to $2.85 to reflect the impact of the direct selling approval.
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