H.C. Wainwright analyst Raghuram Selvaraju lowered the firm’s price target on Balchem to $140 from $152 and keeps a Buy rating on the shares. The company reported a top- and bottom-line miss in Q4 due to the gross margin impact of elevated raw material costs, the analyst tells investors in a research note.
Published first on TheFly
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- Balchem Corporation Reports Fourth Quarter Net Sales Growth of 9.1% and Strong Full Year 2022 Results
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