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Fly News Breaks for February 23, 2018
BRFS
Feb 23, 2018 | 06:29 EDT
JPMorgan analyst Ian Luketic downgraded BRF S.A. to Neutral citing the company's weaker than expected Q4 results, from both a volume and margin perspective. The stock's volatility should remain elevated and rebuilding investor confidence will take time to play out, Luketic tells investors in a post-earnings research note. He cut his price target for the shares to $11 from $16.
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