No dirty diapers: Jessica Alba's Honest Co up as more babies get eco friendly

Honest

11/11/2021 12:35

** Shares of Jessica Alba-owned co  HNST.O  rose 8.4% to
$9.65 premarket
    ** Seller of eco-friendly baby, beauty and household
products reports revenue beat as per Refinitiv IBES data, helped
by rise in sales of its core products  urn:newsml:reuters.com:*:nGNX8Jq1zd
    ** Sales in diapers and wipes (65% of total revenue) grew
16%, while skin and personal care (31% of total revenue) rose
28%
    ** J.P. Morgan says it remains encouraged by positive
momentum in HNST's core segments leading to pricing actions in
Q1 2022
    ** JPM lowers PT to $12 from $13, saying tempered
expectations should help HNST rebuild credibility with
investment community
    ** HNST, which made its market debut in May 2021, had fallen
44.4% up to Wednesday's close from its IPO price of $16

 (Reporting by Kanika Sikka)
 ((kanika.sikka@thomsonreuters.com))