Pilgrim's Pride Set For Growth As Analyst Projects Rising Demand For Chicken
Portfolio Pulse from Priya Nigam
Pilgrim's Pride Corp (NASDAQ:PPC) is expected to see growth due to rising demand for chicken, driven by beef shortages and health-conscious consumers. Analyst John Staszak from Argus Research initiated coverage with a Buy rating and a price target of $41. The company is poised for margin expansion and plans to allocate strong cash flow to growth initiatives.
June 18, 2024 | 4:56 pm
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Pilgrim's Pride Corp (NASDAQ:PPC) is expected to benefit from rising chicken demand due to beef shortages and health-conscious consumers. Analyst John Staszak from Argus Research initiated coverage with a Buy rating and a price target of $41. The company is poised for margin expansion and plans to allocate strong cash flow to growth initiatives.
The analyst's Buy rating and price target of $41 indicate a positive outlook for PPC. Rising demand for chicken due to beef shortages and health-conscious consumers, along with the company's plans for margin expansion and growth initiatives, are likely to drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100