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

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.

You May Also Be Interested In

• Temenos AG (TEMN:SW) (TMSNY) PT Lowered to CHF65 at Citi
• Meta Platforms Inc. (META) PT Lowered to $500 at Oppenheimer
• Jet2 plc (JET2:LN) (DRTGF) PT Raised to GBP20 at RBC Capital