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Fly News Breaks for February 8, 2019
HAIN
Feb 8, 2019 | 07:20 EDT
UBS analyst Steven Strycula noted Hain Celestial lowered its EBITDA guidance for 2019 but suggested operating margins and profits could improve in 2020 despite a lower sales outlook. The analyst believes new management is pursuing a credible turnaround strategy, but at this juncture execution risks look high. As a result, he believes investors should wait for a better entry point. Strycula reiterated his Sell rating and lowered his price target to $15 from $17 on Hain Celestial shares.
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