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Fly News Breaks for February 3, 2017
SAFM
Feb 3, 2017 | 10:21 EDT
Cleveland Research analyst Mike Piken lowered Sanderson Farms Q1 and FY17 estimates on weaker than expected breast meat pricing and slightly higher than expected feed costs. The analyst revised his Q1 earnings estimate to $1.03, versus consensus of $1.54, and lowered FY17 20c below consensus. Piken rates Sanderson Farms a Neutral.
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