Pilgrim's Pride upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Pilgrim's Pride citing management's success in with its transformation and the company's new efficiency plans. The firm raised its price target on shares to $22 from $18.
JBS S.A. weighing IPO for U.S. unit, Bloomberg reports The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link