Roth MKM analyst Brian Wright lowered the firm’s price target on Phibro Animal Health to $13 from $21 and keeps a Buy rating on the shares. The company reported a “disappointing” Q1 and also cut its FY24 guidance amid continued weakness in Mineral Nutrition and Performance Products, the analyst tells investors in a research note. The guidance cut also reflects the challenges in dairy in the U.S. and China, the firm added.
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