Jefferies Raises PT and Estimates on Hain Celestial (HAIN) After Strong Q4

August 24, 2012 7:26 AM EDT
Get Alerts HAIN Hot Sheet
Price: $40.10 -0.47%

Rating Summary:
    9 Buy, 12 Hold, 3 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 23 | Down: 34 | New: 34
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Jefferies maintains a 'Buy' on Hain Celestial (NASDAQ: HAIN) price target of $80.00 (from $55.00).

Analyst, Scott A. Mushkin, said, "HAIN reported a strong 4Q, driven by performance in the U.S. and surprisingly good results out of the U.K./Europe. While the outlook for business in North America appears to be accelerating, HAIN is also showing good strategic vision as demonstrated by the acquisition of certain Premier Foods plc brands. This combination continues to suggest that the stock remains a core growth holding."

Raising FY13 EPS estimate from $2.30 to $2.85.

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 $67.77 yesterday.

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