Market Overview

UPDATE: Citigroup Raises PT to $78 on Hain Celestial Group on Accelerating Sales Trends

Related HAIN
Benzinga's Top Initiations
Oppenheimer Initiates Hain Celestial At Perform
Making Money With Charles Payne: 12/12/14 (Fox Business)

Citigroup reiterated its Buy rating on Hain Celestial Group (NASDAQ: HAIN) and raised its price target from $68 to $76 a share.

Citigroup said, "Sales in 4Q were $351mm vs. FC of $366mm though sales excl $28mm in discontinued ops. Consumption increased 10% vs. 9% in Mar ended Q. Encouragingly, mgmt implied momentum continues to be strong in August. We think category strength is being driven by higher end consumer spending, secular growth of organic food, and more at-home eating. Solid sales at HAIN are a positive read through to the rest of the sector."

Hain Celestial Group closed at $56.91 on Wednesday.

Latest Ratings for HAIN

DateFirmActionFromTo
Dec 2014JP MorganMaintainsOverweight
Dec 2014OppenheimerInitiates Coverage onPerform
Nov 2014Longbow ResearchAssumesBuy

View More Analyst Ratings for HAIN
View the Latest Analyst Ratings

Posted-In: CitigroupAnalyst Color Price Target Pre-Market Outlook Analyst Ratings

 

Related Articles (HAIN)

Around the Web, We're Loving...

Get Benzinga's Newsletters