Hain Celestial price target lowered to $15 from $18 at Maxim

Maxim lowered the firm’s price target on Hain Celestial to $15 from $18 and keeps a Buy rating on the shares after its Q3 results and reduced organic net sales growth outlook. There is sufficient capital to support operations, with cash flow prioritized to repay debt and fund strategic initiatives associated with ‘Hain Reimagined’, though the firm cites its expectation of weaker consumer discretionary spending in reducing its price target, the analyst tells investors in a research note.