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Fly News Breaks for May 12, 2017
HAIN
May 12, 2017 | 07:08 EDT
Jefferies analyst Akshay Jagdale believes last night's filing from Hain Celestial provides greater certainty on the potential timing of the completion of the accounting review and lowers the probability of a delisting and/or covenant extension. Left unclear, however, is the outcome of the accounting review, the analyst adds. Jagdale continues to believe the accounting review should result in a non-material impact on earnings. He keeps a Buy rating on Hain and $50 price target.
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