Hain Celestial price target lowered to $1.50 from $2.50 at Mizuho

Mizuho analyst John Baumgartner lowered the firm’s price target on Hain Celestial (HAIN) to $1.50 from $2.50 and keeps a Neutral rating on the shares post the fiscal Q4 report. The “sizable misses” on revenue and EBITDA show the fundamental pressures on Hain’s model, which is being challenged by smaller, natural and organic-focused new category entrants as well as larger brands having improved ingredients, the analyst tells investors in a research note. The firm sees at least another three quarters before the company’s revenue will show traction from innovation and marketing.