Honest Company price target lowered to $3.50 from $4 at Alliance Global

Alliance Global analyst Aaron Grey lowered the firm’s price target on Honest Company (HNST) to $3.50 from $4 and keeps a Buy rating on the shares after the company’s Q4 report. The firm acknowledges that line of sight to the long-term prospects for the business will “likely not come until the back half of the year and beyond.”