Mizuho Slashes PT on The Hain Celestial Group (HAIN) to $2.50 From $3

The Hain Celestial Group, Inc. (NASDAQ:HAIN) is one of the best undervalued defensive stocks to buy according to analysts. On July 28, Mizuho lowered the firm’s price target on The Hain Celestial Group, Inc. (NASDAQ:HAIN) to $2.50 from $3, keeping a Neutral rating on the shares.

Two hands crunching into a bag of the company’s organic vegetable chips.

The firm told investors in a research note that it adjusted targets in the food producer group ahead of the Q2 earnings season. It added that while the low stock valuations in the sector are attractive, they are overshadowed by growth concerns.

The Hain Celestial Group, Inc. (NASDAQ:HAIN) is a prominent US-based company specializing in natural and organic foods, as well as personal-care products.

It operates in over 75 countries, offering various items across snacks, baby products, beverages, meal components, and personal care.

The company’s brand portfolio includes Terra Chips, Garden Veggie Snacks, Garden of Eatin’ snacks, Hartley’s Jelly, Joya and Natumi plant-based beverages, and others.

Its customer base generally includes supermarkets, natural food stores, specialty and natural food distributors, mass-market, and club stores.

While we acknowledge the potential of HAIN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than HAIN and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.