Bank of America Securities Sticks to Their Hold Rating for Pilgrim’s Pride (PPC)
In a report released today, Peter Galbo from Bank of America Securities maintained a Hold rating on Pilgrim’s Pride, with a price target of $30.00.
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According to TipRanks, Galbo is a 3-star analyst with an average return of 2.1% and a 53.64% success rate. Galbo covers the Consumer Defensive sector, focusing on stocks such as Coca-Cola, Primo Brands, and Tyson Foods.
Currently, the analyst consensus on Pilgrim’s Pride is a Hold with an average price target of $36.25.
Based on Pilgrim’s Pride’s latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $4.53 billion and a net profit of $101.42 million. In comparison, last year the company earned a revenue of $4.46 billion and had a net profit of $296.03 million
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