Pilgrim's Pride shares are trading higher after BMO Capital upgraded the stock from Market Perform to Outperform and raised its price target from $26 to $28.
Portfolio Pulse from Benzinga Newsdesk
Pilgrim's Pride shares are trading higher following an upgrade from BMO Capital. The firm upgraded the stock from Market Perform to Outperform and raised its price target from $26 to $28.
July 13, 2023 | 2:34 pm
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POSITIVE IMPACT
Pilgrim's Pride stock is likely to experience a positive short-term impact due to the upgrade from BMO Capital and the raised price target.
Analyst upgrades and raised price targets often lead to increased investor confidence and can drive up the stock price in the short term. Given that BMO Capital is a reputable firm, its upgrade of Pilgrim's Pride to Outperform and the raised price target from $26 to $28 is likely to have a positive impact on the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100