UPDATE 2-Brazil's ABPA hires two law firms to fight China chicken antidumping case [Reuters]
BRF S.A. (BRFS)
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Source: Reuters
UPDATE 2-Brazil's ABPA hires two law firms to fight China chicken antidumping case | Reuters Reuters Staff 3 Min Read (New throughout, adds comments from U.S. trade group official about similar case) By Ana Mano SAO PAULO, Sept 6 (Reuters) - A Brazilian association representing chicken and pork producers on Wednesday named two legal firms to fight an anti-dumping case made by China in August against Brazilian chicken imports that could last several years. ABPA, as the association is known, said it hired MPA Trade Law, in Brazil, and Hylands Law, in China, to defend it in the case. The association also said each of the 27 companies involved in the proceedings would hire legal representation separately, without elaborating. Brazilian food processors JBS SA and BRF SA appeared on the list of companies that China is going to investigate. Arguing antidumping cases can be expensive, James Sumner, president of the USA Poultry & Egg Export Council, told Reuters during a recent industry event
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- Brf S.A. (NYSE: BRFS) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "sell" rating to a "neutral" rating. They now have a $3.10 price target on the stock, up previously from $1.90.MarketBeat
- Brf S.A. (NYSE: BRFS) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating.MarketBeat
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