Mizuho lowered the firm’s price target on Hain Celestial to $8 from $10 and keeps a Neutral rating on the shares. The company’s fiscal Q3 marked the second guide-down for fiscal 2024 on internal and external factors, the analyst tells investors in a research note. The firm sees this a a reminder of the “heavy lifting and volatility involved” in turnarounds.
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Read More on HAIN:
- Hain Celestial price target lowered to $7 from $8 at Barclays
- Hain Celestial price target lowered to $15 from $18 at Maxim
- Hain Celestial price target lowered to $8 from $11 at Piper Sandler
- Hain Celestial sees FY24 organic net sales down 3%-4% y/y
- Hain Celestial reports Q3 adjusted EPS 13c, consensus 7c
