Honest Company price target lowered to $2 from $3 at Loop Capital

Loop Capital analyst Laura Champine lowered the firm’s price target on Honest Company (HNST) to $2 from $3 and keeps a Hold rating on the shares. The company’s Q4 earnings miss was "messy", with revenue downside despite the boost from consolidating the previously licensed baby clothes business, the analyst tells investors in a research note. Loop adds that it is disappointed that the partnership with Walmart (WMT) in diapers is not expected to be more impactful.