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Fly News Breaks for May 10, 2019
HAIN
May 10, 2019 | 09:16 EDT
SunTrust analyst William Chappell raised his price target on Hain Celestial to $20 to reflect the multiple expansion among its peers but also kept his Hold rating on the stock after its "in line" Q3 results and expectations for FY19 operating cash flows to come at the low end of its prior guidance range. The analyst adds that it will take a few quarter to gauge the success of the company's transformation program, including its "SKU and promotional reduction."
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