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Fly News Breaks for May 5, 2016
HAIN
May 5, 2016 | 07:42 EDT
Jefferies analyst Akshay Jagdale raised his price target for Hain Celestial to $55 saying the company's better than expected Q3 U.S. results support this thesis. He continues to believe Hain's recent market share losses are transitory and that the company's cost cuts and growth strategy will accelerate sales growth and drive margins higher. Jagdale keeps a Buy rating on the shares.
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