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NEOG - Neogen News Story

$37.32 -1.6  -4.1%

Last Trade - 18/01/22

Sector
Healthcare
Size
Large Cap
Market Cap £3.07bn
Enterprise Value £2.78bn
Revenue £367.8m
Position in Universe 1556th / 7386

BUZZ-Neogen: Craig-Hallum upgrades to 'buy', lifts PT

Tue 19th March, 2019 12:17pm
** Brokerage Craig-Hallum upgrades food safety company
Neogen Corp  NEOG.O  to "buy" from "hold" and raises PT to $75
from $60
    ** Expects Q3 to be slightly better, driven by
high-single-digit food safety rev growth and low-single-digit
animal safety growth 
    ** Says for long term, recent genomics and water safety
acquisitions will be nice drivers 
    ** Says valuation more attractive at slight discount to
historical averages, making an attractive entry point 
    ** Brokerage says top- and bottom-line growth will improve
in FY2020
    ** YTD, the stock has risen ~10.6 pct
    ** Shares trading almost flat in premarket

 (Reporting by Aniruddha Chakrabarty)
 ((aniruddha.c.thomsonreuters.com@reuters.net))
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