Why Hain Celestial Shares Are Popping Today
Portfolio Pulse from Lekha Gupta
Hain Celestial Group Inc (NASDAQ:HAIN) shares are trading higher by 6% after Stephens & Co. initiated coverage on the stock with an Overweight rating and a price target of $17. Analyst Jim Salera highlighted HAIN's diversified brand portfolio and international business as key strengths. The company's new CEO, Wendy P. Davidson, assumed the role in January 2023.
June 23, 2023 | 6:12 pm
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Hain Celestial shares are trading higher after Stephens & Co. initiated coverage with an Overweight rating and a price target of $17. The analyst praised the company's diversified brand portfolio and international business.
The positive analyst coverage from Stephens & Co. with an Overweight rating and a price target of $17 is likely to boost investor confidence in Hain Celestial. The analyst's focus on the company's diversified brand portfolio and international business performance supports the positive short-term impact on HAIN's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100