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Fly News Breaks for August 24, 2018
SAFM
Aug 24, 2018 | 06:30 EDT
Stephens analyst Farha Aslam upgraded Sanderson Farms to Overweight from Equal Weight and raised her price target for the shares to $130 from $105 following yesterday's Q3 results. The stock, trading near five-year lows on price-to-book, offers a "compelling" risk/reward as current levels, Aslam tells investors in a research note. The analyst believes weak chicken fundamentals are now priced into the shares.
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