Evercore ISI analyst David Palmer lowered the firm’s price target on Hain Celestial to $13 from $14 and keeps an In Line rating on the shares. While the fiscal fourth quarter was “better than expected,” the firm is lowering its FY24 EBITDA estimate by 10% due to higher-than-anticipated incentive plan rebuilding and brand investments.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on HAIN:
- Hain Celestial price target lowered to $11 from $14 at JPMorgan
- Hain Celestial price target lowered to $13 from $16 at Stifel
- Hain Celestial price target lowered to $12 from $14 at Mizuho
- Hain Celestial names Lee Boyce as new CFO, succeeding Chris Bellairs
- Hain Celestial Reports Fourth Quarter and Fiscal Year 2023 Financial Results