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.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on HNST:
- Honest Company Continues Decline after Analyst Downgrade
- Honest Company downgraded to Market Perform from Outperform at Telsey Advisory
- Honest Company Craters after Earnings Miss
- The Honest Company Reports Fourth Quarter and Full Year 2022 Financial Results
- Honest Company reports Q4 EPS (14c), consensus (5c)