Downgrade Sends Hain Celestial Shares Down 12%: Here's What You Need to Know
Shares of natural and organic packaged foods company Hain Celestial Group (NASDAQ: HAIN) are down 11.9% at 1:45 p.m. EDT today following a downgrade by J.P. Morgan analyst Ken Goldman, who changed his rating from neutral to underweight and lowered his price target from $23 to $18.
This is the third time this year that J.P. Morgan has changed its rating for Hain, having upgraded it from neutral to overweight in February and lowered it from overweight to neutral in April.
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Source Fool.com