Competitive Pressure, Macroeconomic Woes Weigh on NEOG Stock

Neogen's (NEOG) vast international trade is being impacted by global macroeconomic issues. A tough competitive landscape also weighs on the stock. NEOG stock currently carries a Zacks Rank #4 (Sell). Factors Pulling NEOG Stock Down The current macroeconomic environment has affected Neogen's financial operations. Governments and insurance companies continue to look for ways to contain the rising cost of healthcare. This puts pressure on players in the healthcare industry, with Neogen being no exception. Alth ...