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Fly News Breaks for August 3, 2018
PPC
Aug 3, 2018 | 08:36 EDT
Stephens analyst Farha Aslam believes Pilgrim's Pride shares are already pricing in the lack of visibility regarding the poultry cycle with the stock's valuation at a five year trough despite the fact that she thinks Pilgrim's Pride "is a better company today than 5 years ago." The analyst, who points to improved U.S. assets, a better product mix and operations in Mexico and the addition of Moy Park in Europe to support her improvement view, keeps an Overweight rating and $26 price target on Pilgrim's Pride.
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