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

In a report published Monday, Jefferies analyst Thilo Wrede reiterated a Buy rating on The Hain Celestial Group

, 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.