Neogen Suffers From Competitive Pressure, Macroeconomic Woes
NEOGNeogen(NEOG) ZACKS·2024-08-29 01:56

Neogen's (NEOG) vast international trade is impacted by global macroeconomic issues. Also, a tough competitive landscape weighs on the stock. NEOG stock carries a Zacks Rank #4 (Sell). Neogen's international business continues to be affected by currency movements. The current macroeconomic environment has adversely impacted Neogen's financial operations. Governments and insurance companies continue to look for ways to contain the rising cost of healthcare. This might put pressure on players in the healthcar ...