Pilgrim's Pride exceeds Q1 revenue expectations with a 5.8% increase to $4.56B, meeting analyst "Moderate Buy" recommendations and raising price targets.
Pilgrim's Pride (NASDAQ: PPC) receives "Moderate Buy" average recommendation from 5 analysts, with average price target of $40.60. BMO Capital Markets raised price target to $46.00, Argus upgraded to $50.00, while Bank of America and Barclays raised to $42.00 and $40.00, respectively. Pilgrim's Pride reported $1.67 EPS, surpassing expectations, and a 5.8% increase in revenue to $4.56B for the quarter.
August 02, 2024
3 Articles