Jefferies Reiterates Hold Rating on Hain Celestial (HAIN)
Jefferies analyst Kaumil Gajrawala reiterated a Hold rating and $7.55 price target on Hain Celestial (NASDAQ: HAIN)
The analyst comments "F2Q org. sales down 6.8% and Adj. EBITDA of $38m (-20%) were below expectations (Street -3.3%, $42m) with execution and operational issues playing a role. Soft 1H and macro uncertainty the main factors for lower guidance (org. sales -2 to -4%, flat Adj. EBITDA). Gap between underlying improvements and reported results expected to shrink as 2H pivots to growth, but there are several moving parts, introducing risk."
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Shares of Hain Celestial closed at $4.69 yesterday.