UPDATE: BMO Capital Markets Upgrades Hain Celestial Group to Outperform; Growth Fears Overdone

BMO Capital Markets raised its rating on Hain Celestial Group

from Market Perform to Outperform. BMO Capital Markets commented, "We are upgrading HAIN to Outperform because we believe the recent market overreaction to measured channels trends has created a compelling entry point to own one of the most attractive growth stories in the US packaged food universe. Our upgrade is based on our view that HAIN continues to be well-positioned to generate high-single-digit top-line growth in the US and the realignment of its UK portfolio will lead to structurally higher sales growth (mid-single digits) and operating margins (low double digits)." Hain Celestial Group closed at $54.22 on Monday.