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Fly News Breaks for September 17, 2015
HRL, PPC
Sep 17, 2015 | 07:23 EDT
Stephens analyst Farsha Aslam predicted that Pilgrim's Pride's (PPC) Q3 earnings will miss expectations, but said she'd view any pullback on an earnings miss as a buying opportunity given the stock's valuation and the company's solid fundamentals and improving operations. The analyst, who continues to regard Pilgrim's Pride as her top pick in the Food & Agribusiness space, downgraded competitor Hormel Foods (HRL) to Equal Weight this morning, citing valuation.
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