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Fly News Breaks for November 9, 2018
HAIN
Nov 9, 2018 | 07:17 EDT
UBS analyst Steven Strycula said the arrival of Hain Celestial's new CEO may eventually change the narrative on the shares, but he believes the next few quarters will be needed to upgrade the talent, reassess investment spending, and review the sensibility of the company's portfolio scope. Strycula remains cautious because of the risk of an earnings reset and reiterated his Sell rating while lowering his price target to $21 from $25 on Hain Celestial shares.
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