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Home » Hain Celestial Shares Down 4.9% After Price Target Cut by Some Analysts
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Hain Celestial Shares Down 4.9% After Price Target Cut by Some Analysts

News RoomBy News RoomAugust 29, 20230 Views0
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By Stephen Nakrosis

Shares of Hain Celestial slipped on the Nasdaq on Monday, after analysts lowered their target prices for the stock.

Shares were recently down 4.9% at $11.28 and are down about 31% for the year. The stock touched an intraday low of $11.01.

On Monday, JPMorgan and Evercore ISI Group lowered their price targets on the stock, according to Benzinga. JPMorgan cut its target to $11 from $14 while maintaining Hain Celestial at neutral. Evercore ISI Group lowered its target to $13 from $14 and maintained the company at in-line.

Last week, Stifel cut its target on Hain Celestial shares to $13 from $16 and Mizuho lowered its target to $12 from $14, as reported by Benzinga.

Also last week, Hain Celestial reported it swung to a loss in the fourth quarter and sales fell as Europeans pulled back on their demand for plant-based foods and sales softened in North America.

Write to Stephen Nakrosis at [email protected]

Read the full article here

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