Hain Celestial (HAIN) Encouraging Results; Raising PT to $55 - Jefferies

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.

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