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Hain Celestial (HAIN) PT Trimmed at Jefferies, Still Sees 17% Upside

May 6, 2013 9:02 AM EDT Send to a Friend
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Price: $86.83 --0%

Rating Summary:
    7 Buy, 2 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies maintained its Buy rating but trimmed its price target on Hain Celestial (NASDAQ: HAIN) from $75 to $74 following Q3 results and the acquisition of Ella's Kitchen Group.

Analyst Thilo Wrede said, "We continue to see HAIN as one of the few packaged food companies in our universe benefiting from current consumer trends and with long term demand for organic food likely to increase, we see the company in the sweet spot of the changes in food. In addition, the just announced Ella’s acquisition should help to further strengthen the UK business."

The firm raised Q4 EPS estimates from $0.61 to $0.64, FY 2013 from $2.42 to $2.48 and FY 2014 EPS from $2.87 to $2.94.

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 $63.41 yesterday.




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