UPDATE: Piper Jaffray Upgrades The Hain Celestial Group on High-Quality Play

In a report published Monday, Piper Jaffray analyst Sean P. Naughton upgraded the rating on The Hain Celestial Group HAIN from Neutral to Overweight, and raised the price target from $80.00 to $94.00. In the report, Piper Jaffray noted, “We are upgrading HAIN to Overweight from Neutral and raising our price target to $94 from $80 as we believe it is a high quality play on the secular growth of healthy foods. Specifically, we are encouraged by the ability to capture growth across all channels of distribution as the consumer continues to shift their buying behaviors. Additionally, we believe HAIN's analyst day Tuesday afternoon, Ella's launch in Walmart and improvements in UK operations could prove to be catalysts over the next few quarters. Overall, we view HAIN as an attractive core long-term holding within our Healthy Lifestyle universe with solid organic and acquisition driven growth.” The Hain Celestial Group closed on Friday at $78.18.