Hain Celestial price target lowered to $1.80 from $2 at Piper Sandler

Piper Sandler lowered the firm’s price target on Hain Celestial (HAIN) to $1.80 from $2 and keeps a Neutral rating on the shares. The firm is updating its model to better align with Hain’s sales declines over the past 12 weeks, which puts it on track for Q4 organic revenue declines of 11%-12%, or full year declines of 7%-8%, though it includes Personal Care and discontinued brands and SKUs in its organic growth calculations.