Hain Celestial downgraded to Market Perform from Outperform at William Blair

William Blair downgraded Hain Celestial (HAIN) to Market Perform from Outperform without a price target The firm downgraded the shares after adjusting Hain’s model ahead of the Q1 earnings report. The company’s North America snacks sales should eventually improve margins, but there are stranded costs, and it is “far from certain to what extent recent pricing actions will stick and how corresponding elasticities will play out,” the analyst tells investors in a research note. Blair believes Hain’s margins may not recover until fiscal 2027.