Fly News Breaks for August 28, 2019
Aug 28, 2019 | 08:36 EDT
Loop Capital analyst Andrew Wolf lowered his price target on Hain Celestial to $20 and kept his Hold rating ahead of its Q4 results tomorrow, saying the company's initial FY20 guidance will likely "comport" with the management's previously expressed plans for lower sales but higher sequential EBITDA. The analyst believes this is the right strategy for Hain Celestial longer term, but warns that its initial earnings forecasts will be below the current consensus, as cost deleveraging constrains profitability in the coming year.
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