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Fly News Breaks for May 7, 2015
HAIN
May 7, 2015 | 09:25 EDT
After Hain reported lower than expected revenue, BMO Capital says that investors overreacted to a slowdown in the company's organic sales growth. The firm thinks the deceleration is probably temporary, while its forex-neutral U.S. sales growth should accelerate in fiscal 2016. BMO reiterates a $67 price target and Outperform rating on the shares.
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