Pilgrim's Pride (PPC) PT Raised to $50 at Argus

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Go back to Pilgrim's Pride (PPC) PT Raised to $50 at Argus

CFRA Downgrades Pilgrim's Pride (PPC) to Hold

July 25, 2024 4:33 PM EDT

CFRA analyst Arun Sundaram downgraded Pilgrim's Pride (NASDAQ: PPC) from Buy to Hold with a price target of $43.00 (from $41.00).

The analyst comments "We lift our 12-month target by $2 to $43, calculated using a 7.5x EV/EBITDA multiple against our 2025 adj-EBITDA estimate of $1,689M (-2% Y/Y). We... More