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Fly News Breaks for May 10, 2018
HAIN
May 10, 2018 | 09:33 EDT
SunTrust analyst William Chappell lowered his price target on Hain Celestial to $30 and kept his Hold rating after its Q3 earnings miss and below-consensus FY18 outlook. The analyst also cuts his FY18 EBITDA forecast to $256M from $343M, adding that his model now excludes the Hain Protein Segment which is treated as "discontinued operations". Chappell states the company had previously announced plans to divest the business during the first half of FY19.
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