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Susquehanna trims estimates on Hain Celestial

Published 06/20/2017, 10:31 AM
© Reuters.  Susquehanna trims estimates on Hain Celestial
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  • Susquehanna lowers estimates on Hain Celestial (HAIN +0.6%) right in front of the company's release of results (FQ3 + restated prior quarterly reports) on Thursday.
  • Analyst Pablo Zuanic now expects Hain to generate EPS of $1.76 in FY17 and $1.81 in FY18. The price target is pushed down to $42 (+26% upside potential).
  • Zuanic notes that Amazon (NASDAQ:AMZN)'s purchase of Whole Foods is significant to Hain due to its high exposure to United Natural Foods (13% of Hain's sales) and Wal-Mart (NYSE:WMT) (11% of sales) - two companies very directly impacted by the Amazon grocery push.
  • Despite the trimming of estimates on Hain, Zuanic still sees "value" at the $33 trading level.
  • Now read: Supervalu: Beaten-Down Wholesaler Is Too Cheap


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