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Fly News Breaks for July 25, 2016
NEOG
Jul 25, 2016 | 09:14 EDT
Roth Capital analyst Anton Brenner believes Neogen remains "well positioned" to sustain rapid growth. While currency translation again adversely affected results in Q4 and some carryover to 2017 is likely, the analyst looks for sustained double-digit revenue growth and margin improvement over the next several years. Implementation of the Food Safety Modernization Act should be a significant tailwind, Brenner tells investors in a research note. He reiterates a Buy rating and $68 price target on the shares.
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