DA Davidson Starts Hain Celestial (HAIN) at Neutral, 'Pain & HAIN'

DA Davidson analyst Brian Holland initiates coverage on Hain Celestial (NASDAQ: HAIN) with a Neutral rating and a price target of $10.00.

The analyst comments "We are initiating coverage of HAIN with a NEUTRAL rating. We acknowledge whitespace in under penetrated or unexplored pockets (ecommerce, Away From Home) and low hanging margin fruit following a challenging three year stretch. However, our view is this portfolio is too complex for its size, creating considerable challenges implementing a cohesive growth strategy—evidenced by multiple failed attempts at generating sustained organic growth over the past decade. As it may not be apparent until FY26 whether this turnraound iteration will bear out, we think a wait & see approach is prudent—regardless of how compelling valuation may appear today."

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 $9.74 yesterday.

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