Pilgrim's Pride +10% after Vertical upgrades

|About: Pilgrim's Pride Corporation (PPC)|By:, SA News Editor

Pilgrim's Pride (PPC +10.1%jumps 10% to reach its highest level of the year after Vertical Group boosts its rating to Buy from Neutral.

The firm thinks the outlook for pricing is favorable for the chicken seller this year and next.

While Pilgrim's Pride is already up 36% YTD, Vertical's price target of $30 gives shares another 13% to run.