BMO Capital Downgrades Pilgrims Pride to Market Perform, Maintains Price Target to $46
Portfolio Pulse from Benzinga Newsdesk
BMO Capital has downgraded Pilgrims Pride (NASDAQ:PPC) from Outperform to Market Perform, while maintaining the price target at $46.
August 12, 2024 | 11:13 am
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BMO Capital has downgraded Pilgrims Pride from Outperform to Market Perform, while maintaining the price target at $46.
The downgrade from Outperform to Market Perform by BMO Capital suggests a less optimistic outlook for Pilgrims Pride, which could lead to a short-term decline in the stock price. However, the maintained price target of $46 indicates that the analyst does not foresee significant downside risk.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100