Fly News Breaks for February 28, 2019
Feb 28, 2019 | 06:55 EDT
JPMorgan analyst Ken Goldman upgraded Hain Celestial to Overweight from Neutral and raised his price target for the shares to $20 from $15. Following the company's "compelling" investor day, the analyst has increased confidence in Hain's ability to drive margin growth over the next few years. In a packaged food universe where sustainable EBITDA growth is "increasingly hard to come by," Hain Celestial's "potential stands out to us," Goldman tells investors in a research note.
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