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Fly News Breaks for March 27, 2017
SAFM
Mar 27, 2017 | 06:56 EDT
KeyBanc analyst Brett Andress upgraded Sanderson Farms (PPC) to Overweight with a $120 price target. Andress recommends he would taking advantage of the company's leverage to improved industry conditions versus Pilgrim's Pride's (PPC) more balanced model. He raised Sanderson's FY17-18 estimates well above consensus given meaningful pricing and input costs improvements over recent weeks. Note Andress downgraded Pilgrim's Pride to Sector Weight.
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