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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Hain Celestial

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In a report published Friday, Jefferies & Company reiterated its Buy rating on Hain Celestial (NASDAQ: HAIN), but lowered its price target from $80.00 to $75.00.

Jefferies noted, “We are updating our estimates for HAIN to include a quarterly forecast for FY13. Our annual EPS estimates for FY13 and FY14 remain unchanged at $2.40 and $2.85, respectively. We believe FY13 will be another strong year, slightly weighted to the second, third and fourth quarters, given the acquisition of certain Premier Foods plc grocery brands and some normal seasonality.”

Hain Celestial closed on Thursday at $58.23.

Latest Ratings for HAIN

DateFirmActionFromTo
Apr 2016Atlantic EquitiesInitiates Coverage onNeutral
Feb 2016UBSInitiates Coverage onBuy
Feb 2016Piper JaffrayDowngradesOverweightNeutral

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Posted-In: Jefferies & CompanyAnalyst Color Price Target Analyst Ratings

 

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