Stifel lowered the firm’s price target on Hain Celestial (HAIN) to $1 from $1.50 and keeps a Hold rating on the shares after the company reported a softer second quarter than was expected. While the “sequential progress in pockets of the business is encouraging,” the firm sees significant risk as Hain continues its strategic review, which may include asset sales and the upcoming credit maturity, the analyst tells investors.
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