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NEOG

Neogen

$68.25

0.2 (0.29%)

08:01
07/17/17
07/17
08:01
07/17/17
08:01

Neogen names John Adent as CEO

Neogen announced the company has named John Adent as CEO effective immediately. James Herbert, the company's founder and former CEO, will remain as executive chairman and work closely with Adent in the transition of responsibilities. Adent has built his career inside of two companies - 13 years with each. He began his career with management responsibilities for Purina developing animal feed manufacturing and sales in China and the Philippines. When Purina spun off that business to Agribrands, Adent continued his management role in the European division in Spain and Hungary, serving as managing director of the Hungarian operations after it was acquired by Cargill.

NEOG Neogen
$68.25

0.2 (0.29%)

07/25/16
ROTH
07/25/16
NO CHANGE
Target $68
ROTH
Buy
Neogen remains 'well positioned' to sustain rapid growth, says Roth Capital
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.
09/22/16
ROTH
09/22/16
NO CHANGE
Target $68
ROTH
Buy
Roth Capital remains a buyer of Neogen ahead of earnings
Roth Capital analyst Anton Brenner says that while adverse currency translation and a sales mix shift should adversely affect income comparisons in Q1, these short-term considerations should not undermine Neogen's extremely attractive outlook. The analyst expects that the implementation of the Food Safety Modernization Act and increasing food safety considerations in developing international markets will generate sustained double-digit revenue growth and improving profit margins over the next several years. He reiterates a Buy rating and $68 price target on Neogen's shares.
09/28/16
ROTH
09/28/16
NO CHANGE
Target $68
ROTH
Buy
Neogen outlook remains attractive, says Roth Capital
Roth Capital analyst Anton Brenner believes that while adverse currency translation and the removal of a product from the market adversely affected comparisons in Q1, Neogen's outlook for rapid growth remains intact. Moreover, he expects that the implementation of the Food Safety Modernization Act and increasing food safety considerations in developing international markets, in addition to periodic acquisitions, will generate sustainable double-digit revenue growth and improving profit margins over the next several years. The analyst reiterates a Buy rating and $68 price target on the shares.

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