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Oppenheimer Cuts Price Target as Hain Celestial (HAIN) Announces Delay in 4Q Release

August 16, 2016 9:25 AM EDT

Oppenheimer maintained a Perform rating on Hain Celestial (NASDAQ: HAIN), and cut the price target to $45.00 (from $52.00), following the company's announced delay of its 4Q release. HAIN is evaluating whether revenue associated with concessions granted to certain US distributors is being recognized properly.... More