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Fly News Breaks for July 26, 2016
HAIN
Jul 26, 2016 | 10:13 EDT
SunTrust analyst William Chappell noted that Nielsen estimated that Hain Celestial sales were down 0.4% year-over-year for the four-week period ending July 16, calling the data "a step in the wrong direction." Chappell added that his major concern with the data is that Hain is forecasting a return to mid-single-digit growth for its U.S. business in FY17, which started this month, and that if data over coming months can't bridge the gap that guidance will need to be moderated. The firm keeps a Buy rating and $50 price target on Hain shares.
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