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Fly News Breaks for August 29, 2017
HAIN
Aug 29, 2017 | 09:30 EDT
JPMorgan analyst Ken Goldman views Hain Celestial's (HAIN) Q4 results today as "slightly positive." The quarter overall was "fine," with sales growth coming in slightly above expectations and the gross margin in line, Goldman tells investors in a post-earnings research note. The analyst remains "somewhat skeptical" that Hain's FY18 outlook is achievable given "challenged" data in Nielsen as well as Amazon's (AMZN) Whole Foods' renewed emphasis on its 365 store brand. Goldman has a Neutral rating on Hain, which is rallying 6% following today's results to $43.00.
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