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Stock Market & Financial Investment News

News Breaks
November 13, 2012
15:40 EDTSAFMSanderson Farms changes plans for second plant location in North Carolina
Sanderson Farms announced that Nash County, North Carolina, will not be the site for a new poultry processing complex. Sanderson Farms, who made this decision together with the officials of Nash County as a result of various timing issues, had previously announced that sites in Nash County had been selected for the location of a new poultry processing complex subject to various contingencies. The company has also announced that construction of the new complex remains on hold pending improvement in market fundamentals, including the supply and price of corn and other feed grains.
News For SAFM From The Last 14 Days
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October 17, 2014
09:21 EDTSAFMSanderson Farms weakness a buying opportunity, says Cleveland Research
Cleveland Research recommends taking advantage of weakness in Sanderson Farms due to weaker breast meat prices and raised estimates to reflect lower feed costs and higher wing pricing forecasts. Shares are Buy rated.
09:07 EDTSAFMProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:39 EDTSAFMChicken stock sell-off yesterday overdone, says JPMorgan
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