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Hain Celestial price target lowered to $5 from $10 at Maxim

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.

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