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Fly News Breaks for August 29, 2019
PAHC
Aug 29, 2019 | 07:11 EDT
Barclays analyst Balaji Prasad lowered his price target for Phibro Animal Health to $18 from $25 and keeps an Underweight rating on the shares despite the stock's 30% decline post the Q4 results. Fiscal 2020 will likely be a reset year as Phibro focuses on mid-to-long term strategic initiatives that will need additional investment, Prasad tells investors in a research note.
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