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Fly News Breaks for May 23, 2019
LNDC
May 23, 2019 | 09:03 EDT
Lake Street analyst Chris Krueger lowered his price target for Landec to $12 from $16 saying the rise in avocado prices and poor weather in Ohio is likely hurting the company's sales and margins. The analyst reduced his Q4 and fiscal 2020 estimates but keeps a Buy rating on Landec. He continues to believe demand for healthy foods remains strong and that the company should see growth in its Curation Foods segment in fiscal 2020.
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