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Fly News Breaks for June 23, 2017
HAIN
Jun 23, 2017 | 06:15 EDT
JP Morgan analsyt Ken Goldman downgraded Hain Celestiral to Neutral and lowered its price target to $35 from $43 saying fundamentals have worsened more than feared and guidance seems "slightly" optimistic. Following the disappointing Q3 report, Goldman believes Hain is trading close to fair value, even if it were to divest the Hain Pure Protein business.
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