Marfrig upgraded to Equal Weight from Underweight at Barclays. Barclays analyst Benjamin Theurer upgraded Marfrig to Equal Weight from Underweight with a price target of R$13, up from R$7. The analyst cites the company's company's recently announced transaction of increasing its stake in National Beef for the upgrade. This yields a better exposure to an operation further benefited by the African swine flu tailwind, says Theurer.
Marfrig downgraded to Neutral from Overweight at JPMorgan. JPMorgan analyst Lucas Ferreira downgraded Marfrig Global Foods to Neutral from Overweight while raising his price target for the shares to R$8.50 from R$8.