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Fly News Breaks for May 17, 2017
HAIN
May 17, 2017 | 07:24 EDT
Oppenheimer analyst Rupesh Parikh sees bottom in the low $30's range for Hain Celestial shares based on his updated earnings and EBITDA projections. The stock closed yesterday down 37c to $37.28. The analyst notes, however, that he has "no way of accurately forecasting the accounting adjustment" likely to be announced by the end of May. He views this event as a "wildcard" and keeps a Perform rating on Hain.
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