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Stock Market & Financial Investment News

News Breaks
June 11, 2014
12:05 EDTTSN, PPC, HRL, SAFMUSDA lowers forecast for 2014 meat production
The forecast for total meat production in 2014 is lowered from last month as lower beef and broiler production more than offsets increased pork and turkey production, the USDA stated in its latest World Agricultural Supply and Demand Estimates report. Cattle, hog, and turkey price forecasts for 2014 and 2015 are unchanged from last month, the report added. 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
News For TSN;PPC;HRL;SAFM From The Last 14 Days
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October 31, 2014
10:00 EDTPPCOn The Fly: Analyst Upgrade Summary
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08:27 EDTPPCPilgrim's Pride upgraded to Overweight from Equal Weight at Stephens
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08:04 EDTPPCPilgrim's Pride upgraded to Buy from Hold at BB&T
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October 29, 2014
17:05 EDTPPCPilgrim's Pride reports Q3 EPS 99c, consensus 79c
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October 17, 2014
11:14 EDTPPCPilgrim's Pride recovers some lost ground, levels to watch
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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 EDTSAFM, TSN, PPCProtein 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 EDTSAFM, TSN, PPCChicken stock sell-off yesterday overdone, says JPMorgan
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