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Fly News Breaks for February 8, 2018
HAIN
Feb 8, 2018 | 09:15 EDT
BMO Capital analyst Amit Sharma lowered his price target on Hain Celestial to $39 after a Q2 earnings miss. Sharma says the company's FY18 EBITDA guidance, which assumes a "huge margin ramp" in the second half of the year, is unrealistic in light of "rising commodity and freight inflation, unfavorable product mix, and potentially higher investments". The analyst keeps his Market Perform rating on Hain Celestial.
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