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Fly News Breaks for September 24, 2018
HAIN
Sep 24, 2018 | 07:49 EDT
Jefferies analyst Akshay Jagdale raised his price target for Hain Celestial to $45 saying he continues to believe the company's total addressable market can double over time growing at 3%-5% annually. The analyst expects Hain's market share trends to reverse over the next 12 months owing to better execution and increased brand investments. Further, margin upside and acquisition optionality "remains amongst the best in our group," Jagdale tells investors in a research note titled "Better For You? Why The Stock Deserves A Second Look Now." He keeps a Buy rating on the name.
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