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Fly News Breaks for June 23, 2017
HAIN
Jun 23, 2017 | 07:38 EDT
SunTrust analyst William Chappell, Jr. says that Hain's fiscal 2018 guidance appears to be "overly optimistic." The analyst says that the guidance assumes that "nothing else goes wrong" over the next year, while he finds it "difficult to believe" that the company can return to mid single digit growth through intensifying its marketing and expanding its distribution initiatives. He cut his price target on the stock to $35 from $40 and keeps a Hold rating on the name.
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