Neogen (NEOG) Faces Macroeconomic Issues, Fierce Competition

Neogen's (NEOG) vast international trade continues to be impacted by global macroeconomic issues. Also, a tough competitive landscape weighs on the stock. Neogen currently carries a Zacks Rank #4 (Sell).Neogen’s business continues to be impacted by the ongoing complex geopolitical situation globally, which is driving a higher-than-anticipated increase in expenses in terms of raw materials and freight. It is also likely to have broader economic impacts and security concerns, affecting the company’s business ...