Hain Celestial price target lowered to $8 from $9 at DA Davidson

DA Davidson analyst Brian Holland lowered the firm’s price target on Hain Celestial (HAIN) to $8 from $9 and keeps a Neutral rating on the shares after its Q1 results. The quarter did little to increase the firm’s confidence or add to concerns, with cost saving proving easier to come by than sales growth, the analyst tells investors in a research note. By its own admission, Hain management’s planned second-half acceleration is predicated more so on internal execution than external forces, namely consumer softness and customer tightening, the firm added.