Mizuho lowered the firm’s price target on Hain Celestial to $12 from $14 and keeps a Neutral rating on the shares. The company’s fiscal Q4 sales and EBITDA upside “was the first positive on a path to stabilization,” the analyst tells investors in a research note. However, significant uncertainty persists regarding success of Hain ‘s products in new channels and its relative trade promotion effectiveness, says the firm.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on HAIN:
- Hain Celestial names Lee Boyce as new CFO, succeeding Chris Bellairs
- Hain Celestial Reports Fourth Quarter and Fiscal Year 2023 Financial Results
- Hain Celestial appoints Lee Boyce as CFO
- Hain Celestial sees 2024 adjusted net sales up 2%-4% vs. last year
- Hain Celestial reports Q4 adjusted EPS 11c, consensus 10c