UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Hain Celestial
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
|Aug 2016||Maxim Group||Downgrades||Buy||Hold|
|Aug 2016||JP Morgan||Maintains||Overweight|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.