Bernstein lowered the firm’s price target on Hain Celestial to $14 from $15 and keeps an Outperform rating on the shares. The firm notes Hain’s Q2 results missed on sales, beat on gross margins and EBITDA, and was in line on EPS. Bernstein adds it seems that underlying organic sales growth as well as adjusted gross margin expansion and EBITDA growth is still expected to improve sequentially through the second half.
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