By Stephen Nakrosis
Shares of Hain Celestial slipped on the Nasdaq on Monday, after analysts lowered their target prices for the stock.
Shares were recently down 4.9% at $11.28 and are down about 31% for the year. The stock touched an intraday low of $11.01.
On Monday, JPMorgan and Evercore ISI Group lowered their price targets on the stock, according to Benzinga. JPMorgan cut its target to $11 from $14 while maintaining Hain Celestial at neutral. Evercore ISI Group lowered its target to $13 from $14 and maintained the company at in-line.
Last week, Stifel cut its target on Hain Celestial shares to $13 from $16 and Mizuho lowered its target to $12 from $14, as reported by Benzinga.
Also last week, Hain Celestial reported it swung to a loss in the fourth quarter and sales fell as Europeans pulled back on their demand for plant-based foods and sales softened in North America.
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