Maxim analyst Anthony Vendetti lowered the firm’s price target on Hain Celestial (HAIN) to $5 from $10 and keeps a Buy rating on the shares. The company reported Q3 results with revenue below consensus and a GAAP loss per share wider than estimates, while the management lowered FY25 organic net sales, adjusted EBITDA, gross margin, and free cash flow guidance, the analyst tells investors in a research note. Maxim maintains that there is sufficient capital for the company to support current operations, with free cash flow prioritized to repay debt.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HAIN:
- Hain Celestial downgraded to Market Perform from Outperform at Bernstein
- Hain Celestial: Hold Rating Amid Leadership Changes and Financial Uncertainty
- Hain Celestial Faces Challenges Amid Strategic Transition
- Hain Celestial Faces Challenges in Q3 Earnings Call
- Honest Company appoints Curtiss Bruce CFO
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue