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Fly News Breaks for June 13, 2019
BRFS
Jun 13, 2019 | 06:45 EDT
JPMorgan analyst Lucas Ferreira upgraded BRF S.A. to Overweight from Neutral with an unchanged price target of $8. The analyst remains constructive on protein stocks as he believes "improving" African swine flu signals over the last couple of months reinforce his expectations of a strong earnings rebound in late 2019 and into 2020. Further, a prolonged trade war increases the chances of China sourcing more protein from South America, likely benefiting BRF S.A., Ferreira tells investors in a research note.
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