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Fly News Breaks for November 17, 2016
HAIN
Nov 17, 2016 | 07:04 EDT
Jefferies analyst Akshay Jagdale says Hain Celestial is one step closer to resolving its accounting issue after its independent audit committee review was completed and found no evidence of intentional wrongdoing. The analyst continues to believe the accounting review should result in a non-material impact on earnings. According to Nielsen, Hain's sales growth for the latest four weeks ending November 5 was up 1.3%, which is encouraging, Jagdale tells investors in a research note. The analyst keeps a Buy rating on the shares with a $50 price target.
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