18.7

Buy - Price 16.17 on May 4
by Jefferies & Co.

Hain manufactures, markets and distributes organic food and personal-care products under 20 brand names; they're sold primarily to specialty and natural-food stores, as well as mass-market stores, drugstores, food-service channels and club stores. We have raised our target from 16 to 20, which represents 15 times [calendar] '09 EPS of $1.31. Our [discounted-cash-flow] value of 23 suggests upside, but assumes a more normal sales and margin outlook. Risks: worsening economic climate, increasing unemployment. Market cap: $654 million.

Hain Celestial (HAIN) was downgraded from Overweight to Underweight, JP Morgan said. See downside potential to March quarter results, given disappointing sales trends.

18.1

18.1

Strong company food trends headed this direction

20.2

Hain Celestial (HAIN) was upgraded to Buy rating from Neutral. Price target holds at $35 while FY08 eps dips to $1.65 from $1.70.

P/E of 29 and a PEG of 1.6

BUY