Hain Celestial (HAIN) Encouraging Results; Raising PT to $55 - Jefferies
Get Alerts HAIN Hot Sheet
Price: $6.17 -0.16%
Rating Summary:
11 Buy, 24 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Rating Summary:
11 Buy, 24 Hold, 2 Sell
Rating Trend: Up
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 14
Join SI Premium – FREE
Jefferies analyst, Akshay Jagdale, believes that Hain Celestial (NASDAQ: HAIN) TAM and EPS can grow ~2-3x. The thesis assumes that HAIN's recent market share losses are transitory and recently announced cost cuts/refined growth strategy will accelerate sales growth and drive margins higher. Better than expected 3Q US results and FY17 guidance support the thesis.
HAIN remains the top pick; raising PT to $55 (from $50)
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 $44.89 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Citi Upgrades United Microelectronics Corp (2303:TT) (UMC) to Buy 'with limited downside'
- BofA Securities Starts GE Vernova (GEV) at Neutral, 'Multiyear turnaround amid positive demand backdrop'
- Summit Insights Downgrades Silicon Labs (SLAB) to Hold, 'expect its stock to be an inline performer'
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT ChangeRelated Entities
Jefferies & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!