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Neogen Highlights Tariff Impact Reduction at Conference

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Neogen Highlights Tariff Impact Reduction at Conference

Elevate Your Investing Strategy:

Neogen ( (NEOG) ) has issued an update.

On May 14, 2025, Neogen Corporation shared updates at the Bank of America Healthcare Conference, highlighting a reduction in the estimated annualized negative impact of tariffs from $29 million to $5 million due to mitigating actions. The company outlined a targeted improvement plan focusing on accelerating food safety growth, completing the integration of 3M’s food safety division, and enhancing governance and compliance to align with shareholder expectations.

The most recent analyst rating on (NEOG) stock is a Hold with a $16.50 price target. To see the full list of analyst forecasts on Neogen stock, see the NEOG Stock Forecast page.

Spark’s Take on NEOG Stock

According to Spark, TipRanks’ AI Analyst, NEOG is a Neutral.

Neogen’s overall stock score reflects significant financial struggles, with major concerns around profitability and declining revenues. While technical indicators and valuation metrics are weak, recent corporate events and some positive earnings call highlights provide a moderate offset. The company’s low leverage and strategic actions offer some hope, but immediate financial challenges dominate.

To see Spark’s full report on NEOG stock, click here.

More about Neogen

Neogen Corporation operates in the food safety industry, focusing on providing solutions for food safety testing and diagnostics. The company is engaged in the integration of the 3M food safety business and aims to expand its market presence in North America and internationally.

Average Trading Volume: 6,229,339

Technical Sentiment Signal: Sell

Current Market Cap: $1.41B

For detailed information about NEOG stock, go to TipRanks’ Stock Analysis page.

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