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Fly News Breaks for September 5, 2019
PAHC
Sep 5, 2019 | 06:18 EDT
Morgan Stanley analyst David Risinger upgraded Phibro Animal Health to Equal Weight but cut his price target from $30 to $21. The analyst notes that after a "significant" stock price underperformance, earnings expectations have now been reset lower and the valuation offers a "positive risk-reward skew". Risinger also expects the China business of Phibro Animal Health to begin stabilizing.
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