Hain Celestial price target lowered to $10 from $11 at Jefferies

Jefferies lowered the firm’s price target on Hain Celestial to $10 from $11 and keeps a Hold rating on the shares as the analyst took over coverage of the stock. Management outlined a comprehensive plan to reposition the company toward better-for-you trends and while the plan “sounds ambitious,” Hain will be in a better position long-term if it works, though proper execution will rely on “several moving, yet interconnected parts,” the analyst tells investors.