HAIN - Hain Celestial +3% after JPMorgan points to upside drivers

While admitting it is a tad late with its call, JPMorgan upgrades Hain Celestial (HAIN) to an Overweight rating from Neutral on its view that Street estimates are still too low. Analyst Ken Goldman also see plenty of share price drivers - "(1) Organic sales growth will start to accelerate (excluding tough laps created by COVID-19), (2) The margin opportunity is far from over, and (3) Cash flow will start to grow at a faster pace than net income." Goldman hikes EPS estimates on Hain and pushes the price target up to $43. Shares of Hain are up 3.07% premarket to $38.99. Hain Celestial has a strong Seeking Alpha Quant Rating of 3.76 to rank 5th out of 44 stocks in the packaged foods and meats sector.

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Hain Celestial +3% after JPMorgan points to upside drivers