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Fly News Breaks for February 12, 2016
PPC
Feb 12, 2016 | 07:28 EDT
Stephens analyst Farha Aslam attributes the post-earnings pullback in Pilgrim's Pride to its Q4 miss along with the fact that the company did not announce a special dividend, as anticipated. However, she noted that exports are improving, grain prices are falling and chicken production growth is moderate, leading her to view the pullback as a buying opportunity. Aslam maintains an Overweight rating and $25 price target on Pilgrim's Pride shares.
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