Honest Company price target raised to $6 from $4 at Telsey Advisory

Telsey Advisory raised the firm’s price target on Honest Company (HNST) to $6 from $4 and keeps a Market Perform rating on the shares. The company has delivered a “nice” adjusted EBITDA beat for the sixth consecutive quarter, the analyst tells investors. The company, however, is still in the early days of its transformation efforts and the profitability potential of its model remains uncertain, the firm adds.