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NEOG

Neogen

$63.00

-1.02 (-1.59%)

14:03
07/22/19
07/22
14:03
07/22/19
14:03

Neogen awarded supply contract by FSIS for dehydrated culture media

Neogen announced that it had again been awarded the contract to supply certain dehydrated culture media to the U.S. Department of Agriculture's Food Safety and Inspection Service, FSIS. The FSIS uses Neogen Culture Media to monitor raw and ready-to-eat meat and poultry products for the presence of bacterial pathogens, including Listeria monocytogenes, Salmonella species, and non-O157 Shiga toxin-producing E. coli, STECs. "We are pleased to again earn the trust of the FSIS as it works to ensure the safety of the food supply," said John Adent, Neogen's president and CEO. "Neogen's culture media products are used by leading scientists, researchers and regulatory agencies around the world in a variety of applications, including food safety and the production of vaccines. Last year, we completed the global harmonization of the products under the Neogen Culture Media brand, which meant that our customers receive the exact same formulation for the same product, wherever in the world they may be."

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    Jul

  • 13

    Nov

NEOG Neogen
$63.00

-1.02 (-1.59%)

12/21/18
CHLM
12/21/18
NO CHANGE
Target $60
CHLM
Hold
Neogen price target cut to $60 from $67 at Craig-Hallum
Craig-Hallum analyst Kevin Ellich maintained a Hold rating on Neogen after the company reported "mixed" Q2 results. In a research note to investors, Ellich says that while Neogen's international operations continues to drive solid growth and the company has a highly diversified product mix, he maintains his rating and lowers his price target to $60 due to valuation and potential near-term headwinds from trade issues with China and pockets of continued weakness in the U.S. livestock market.
03/19/19
CHLM
03/19/19
UPGRADE
CHLM
Buy
Neogen upgraded to Buy from Hold at Craig-Hallum
03/19/19
03/19/19
UPGRADE
Target $75

Buy
Neogen upgraded to Buy on favorable risk/reward, Q3 setup at Craig-Hallum
As previously reported, Craig-Hallum analyst Kevin Ellich upgraded Neogen to Buy from Hold as he thinks the stock is at an attractive entry point with a favorable long-term risk/reward profile. The analyst believes the setup heading into Q3 earnings is good as the company faces its easiest year over year top-line growth comp of the year and longer-term, he thinks the recent genomics and water safety acquisitions will be "nice drivers of incremental growth." Ellich also raised his price target on the shares to $75 from $60.
05/23/19
GUGG
05/23/19
INITIATION
GUGG
Neutral
Neogen initiated with a Neutral at Guggenheim
Guggenheim analyst David Westenberg initiated coverage on 10 companies in animal health, starting Neogen with a Neutral rating. Consensus 2021 earnings are likely low, but he considers the stock to be "richly priced" at current levels.

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