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Fly News Breaks for March 1, 2019
HAIN
Mar 1, 2019 | 07:21 EDT
Bernstein analyst Alexia Howard downgraded Hain Celestial to Market Perform from Outperform with a $22 price target. In a research note to investors, Howard cited near-term Brexit concerns that could play out well before a positive inflection in earnings growth sometime in FY20 for the downgrade. While the company has made provisions for an orderly soft Brexit, a hard Brexit could be disruptive to the company's U.K. operations, she says.
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