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Fly News Breaks for January 12, 2016
HAIN
Jan 12, 2016 | 07:15 EDT
Jefferies analyst Akshay Jagdale says Hain Celestial's lowered FY16 earnings guidance is "appropriately conservative." He recommends buying the stock now on expectations the company's trends in the U.S. will begin to inflect positively over the next few months. Jagdale views the stock's risk/reward as compelling and keeps a Buy rating on Hain with a $50 price target.
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