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Fly News Breaks for May 9, 2018
HAIN
May 9, 2018 | 08:36 EDT
BMO Capital analyst Amit Sharma lowered his price target on Hain Celestial to $31 after its Q3 earnings miss and a deeper than expected cut in its FY18 EBITDA outlook. Sharma says the downward revision "underscores" the company's near-term challenges and also makes it difficult to anticipate any "substantial" recovery in margins and growth for FY19. The analyst keeps his Market Perform rating on Hain Celestial.
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