Jefferies analyst Kaumil Gajrawala lowered the firm's price target on Hain Celestial to 81c from $1.03 and keeps a Hold rating on the shares. The push to turn things around is still in the early days, and while volume pressures persist, the North American segment has pockets of growth in certain areas, the analyst tells investors in a research note. The firm added that prioritizing innovation will be key to delivering better volumes, and improvements to free cash flow and balance sheet items are encouraging.
