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Fly News Breaks for January 11, 2019
HAIN
Jan 11, 2019 | 06:08 EDT
Piper Jaffray analyst Michael Lavery lowered his price target for Hain Celestial to $19 to reflect a reduced U.S. sales outlook. The outcome of Hain's full strategic review remains unknown, adding risk of higher near-term investment levels, though SKU cuts have started reducing complexity and cost savings should help better position it long-term, Lavery tells investors in a research note. The analyst keeps a Neutral rating on Hain Celestial.
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