Barclays lowered the firm’s price target on Hain Celestial (HAIN) to $5 from $6 and keeps an Equal Weight rating on the shares following the fiscal Q2 report. With growth taking longer to realize, Hain now seeks a sustainable exit rate for organic sales growth of 3% year-over-year by fiscal 2027 rather than 3%-plus per year from 2024 to 2027, given one-off executional challenges and a need to better convert distribution into purchase in the Snacks business, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAIN:
- Hain Celestial Reports Mixed Results Amid Strategic Shift
- Hain Celestial’s Earnings Call: Mixed Results and Optimistic Guidance
- Morning Movers: Aluminum, steel stocks gain on planned 25% tariffs on imports
- Hain Celestial exploring strategic options for personal care category
- Hain Celestial reports Q2 EPS 8c, consensus 12c
Questions or Comments about the article? Write to editor@tipranks.com