Jefferies Raises Price Target On Hain Celestial (HAIN)

Jefferies & Co. is raising its price target on Hain Celestial HAIN to $30 from $28, and is keeping its Buy rating on shares. In a note to clients, Jefferies states, "Hain's core North American business continues to rebound with both margin and sales trends moving higher. The benefits of key acquisitions, as well as further distribution gains and growing channel penetration are all leading to an improving outlook." Shares of HAIN gained 93 cents yesterday to close at $26.41, a gain of 3.65%.