Hain Celestial (HAIN): Cutting PT and Reiterating Sell - UBS

September 15, 2016 8:42 AM EDT
Get Alerts HAIN Hot Sheet
Price: $36.49 -1.8%

Rating Summary:
    9 Buy, 11 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 25 | Down: 28 | New: 8
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UBS analyst, Steven Strycula, reiterated his Sell rating on Hain Celestial (NASDAQ: HAIN) and cut his price target to $33 after the analyst's new base case assumes no immediate audit clarity and values Hain using trailing 12m FCF/share ($1.65) in place of adjusted EPS ($1.97).

The analyst believes Hain's ongoing audit review is an unknowable outcome and incremental investors seem reluctant to step in front of the news. The new price target of $33 is down from $40.

For an analyst ratings summary and ratings history on Hain Celestial click here. For more ratings news on Hain Celestial click here.

Shares of Hain Celestial closed at $35.38 yesterday.

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