This morning, BMO Capital downgraded shares of K12 (NYSE:LRN) from outperform to neutral as enrollment growth isn't as strong as initially anticipated. With the downgrade, BMO set a $22 price target. Shares of K12 were lower by more than 36% on the news.
And Jefferies reduced EPS estimates on shares of Hain Celestial (NASDAQ:HAIN) through the end of the year after management's guidance failed to meet the consensus estimates. In the report, Jefferies maintained its buy rating and set a $91 price target. Shares of Hain Celestial were lower by 2.8% on Wednesday.
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