Hain Celestial price target lowered to $11 from $12 at Barclays

Barclays analyst Andrew Lazar lowered the firm’s price target on Hain Celestial to $11 from $12 and keeps an Equal Weight rating on the shares. In what was already expected to be a transition year for Hain, the full year top and bottom line guidance is still moving lower, and fiscal 2024 “is proving to be even more of a cleanup year than initially anticipated,” the analyst tells investors in a research note.