The recent economic turmoil has adversely affected consumers demand and led to destocking at major distributors and retailers, exerting pressure on sales and margins. However, the company's strategic investments and sustained effort, to contain costs, increase productivity and enhance cash flows and margins, has enabled it to weather the recent downturn.
We have a long-term Outperform recommendation on the stock. Our target price of $26.00, 20.5X 2011 EPS, reflects this view.
HAIN CELESTIAL (HAIN): Free Stock Analysis Report
Zacks Investment Research
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