HAIN - Hain Celestial stock rallies 4% after analysts point to upside

Hain Celestial (HAIN) rallies after positive sell-side commentary arrives following the food company's Q4 earnings report. Piper Sandler hikes Hain to an Overweight rating after having it slotted at Neutral. "As more retailers reset shelves in March and April, we expect Hain to add distribution on innovation that can drive incremental sales," says analyst Michael Lavery. He also point to the benefit margins from cost savings efforts by the company. Wells Fargo says Hain's EBITDA and EPS beats were driven by continued restructuring-related momentum and the outlook through FY22 is increasingly encouraging. "EBITDA estimates for FY21/FY22/ FY23, at +22%/+9/+12% yr/yr, already re?ect high expectations. Further, HAIN trades at 16x our CY22E EBITDA, a full 30% premium vs. Food peers, and we see the risk/reward as balanced absent accretive M&A or significant organic over delivery. Net, we maintain our Equal Weight rating and prefer SMPL and BRBR for investors seeking exposure

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Hain Celestial stock rallies 4% after analysts point to upside