Pilgrim's Pride's stock flies toward 19-month high after BMO analyst turns bullish [MarketWatch]
Pilgrim's Pride Corporation (PPC)
Last pilgrim's pride corporation earnings: 4/29 05:12 pm
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Source: MarketWatch
Pilgrim's Pride's stock flies toward 19-month high after BMO analyst turns bullish Shares of Pilgrim's Pride Corp. PPC, +5.04% shot up 5.3% toward a 19-month high in midday trading Tuesday, after BMO Capital turned bullish on the fresh and frozen chicken foods company, citing an "underlying fundamental recovery" and the expected positive effects of the African swine fever (ASF) outbreak in China. Analyst Kenneth Zaslow raised his rating to outperform from market perform and boosted his stock price target by 16% to $36. "Despite weak breast prices, chicken environment stabilizes with limited small bird production and strength in the back-end of the bird with the potential for greater improvement from more chicken promotions," Zaslow wrote in a note to clients. Also, he said it was "no longer a question of if, but when" ASF will help boost U.S. protein prices. And the U.S. beef production shortage should further support chicken prices. The stock, on track to close at the highest leve
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PPC
News
- Pilgrim's Pride Co. (NASDAQ: PPC) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Pilgrim’s Pride Corporation to Host Year End 2022 Earnings Call on February 9, 2023GlobeNewswire
- Pilgrim's Pride Co. (NASDAQ: PPC) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- CONTINUED INVESTIGATION ALERT: Scott+Scott Attorneys at Law LLP Continues to Investigate Pilgrim’s Pride Corporation’s Directors and Officers for Breach of Fiduciary Duties – PPCGlobeNewswire
- U.S. avian flu outbreak worst in history [Seeking Alpha]Seeking Alpha
PPC
Earnings
- 10/26/22 - Beat
PPC
Sec Filings
- 1/19/23 - Form 424B3
- 1/19/23 - Form EFFECT
- PPC's page on the SEC website