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UPDATE: Jefferies Lowers PT on The Hain Celestial Group Following Ella's Acquisition

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In a report published Monday, Jefferies analyst Thilo Wrede reiterated a Buy rating on The Hain Celestial Group (NASDAQ: HAIN), but slightly lowered the price target from $75.00 to $74.00.

In the report, Wrede noted, “We continue to see HAIN as one of the few packaged food companies in our universe benefiting from current consumer trends and with long term demand for organic food likely to increase, we see the company in the sweet spot of the changes in food. In addition, the just announced Ella's acquisition should help to further strengthen the UK business.”

The Hain Celestial Group closed on Friday at $63.41.

Latest Ratings for HAIN

DateFirmActionFromTo
Jul 2015Canaccord GenuityMaintainsBuy
Jul 2015Maxim GroupInitiates Coverage onBuy
Jun 2015CitigroupMaintainsBuy

View More Analyst Ratings for HAIN
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Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

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