Hain Celestial initiated with a Hold at Stifel

Stifel analyst Matthew Smith initiated coverage of Hain Celestial with a Hold rating and $17 price target. While he sees "a compelling growth opportunity" over the long term, Smith thinks the on-trend health and wellness opportunity has yet to be realized with inflation and supply chain disruptions delaying Hain’s growth outlook and believes the current valuation "appropriately balances Hain’s growth opportunity against transitional headwinds," he tells investors.