Hain Celestial downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Andrew Lazar downgraded Hain Celestial (HAIN) to Underweight from Equal Weight with a price target of 50c, down from $1.50. The firm supports Hain’s decision to divest its North America snacks business given its higher cost operating model. However, the divestiture will come with “stranded” costs and leverage, which remains “quite elevated” at Hain, the analyst tells investors in a research note. Barclays believes the company’s EBITDA will be further pressured in 2026. It is uncertain about Hain’s relative advantage versus peers following the divestiture.