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Fly News Breaks for May 25, 2018
SAFM
May 25, 2018 | 07:35 EDT
BMO Capital analyst Kenneth Zaslow lowered his price target on Sanderson Farms to $95 after its Q2 earnings miss as a result of lower chicken prices and higher non-feed costs such as labor, freight, and wages. The analyst adds that the company's outlook for the year is also "more subdued" amid the counter-seasonal pricing weakness and softer export demand. Zaslow keeps his Market Perform rating on Sanderson Farms.
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