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Fly News Breaks for February 16, 2018
PPC
Feb 16, 2018 | 07:12 EDT
BMO Capital analyst Kenneth Zaslow lowered his price target on Pilgrim's Pride to $31 after a Q4 earnings miss due to weak pricing and margin pressure from heightened earthquake and hurricane activity. Zaslow keeps his Market Perform rating, noting that while the company continues to execute a unique chicken portfolio strategy across geographies and product mixes, he expects U.S. chicken margins to be more tempered and decline from year-ago levels.
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