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Oppenheimer Cuts Price Target as Hain Celestial (HAIN) Announces Delay in 4Q Release

August 16, 2016 9:25 AM EDT

Oppenheimer maintained a Perform rating on Hain Celestial (NASDAQ: HAIN), and cut the price target to $45.00 (from $52.00), following the company's announced delay of its 4Q release. HAIN is evaluating whether revenue associated with concessions granted to certain US distributors is being recognized properly.... More

Piper Jaffray Downgrades Hain Celestial (HAIN) to Underweight Amid Delay to 10-K, Missed Guidance

August 16, 2016 5:57 AM EDT

Piper Jaffray downgrades Hain Celestial (Nasdaq: HAIN) to Underweight and moves its price target from $43 to $35.

The firm said, Given the material information released after the close yesterday, we can no longer recommend investors hold shares of Hain Celestial and are downgrading to Underweight from Neutral. We strongly believe in the natural... More