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Fly News Breaks for January 28, 2020
SAFM
Jan 28, 2020 | 08:29 EDT
Buckingham analyst Eric Larson lowered his price target for Sanderson Farms to $160 from $180 and maintained a Neutral rating. In a research note to investors, Larson says Sanderson will benefit in FY20 from increased export demand to China, specifically chicken paws and, eventually, dark meat products. He adds that recent stock price weakness now more closely reflects a reasonable valuation based upon normalized earnings.
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