- Morgan Stanley dives into the food products sector with some fresh coverage.
- The firm initiates both Pilgrim's Pride (PPC) and Sanderson Farms (SAFM +1.8%) at Equal-weight.
- Hormel (HRL -0.3%) is started off by MS with an Underweight rating and price target of $26 (17% downside).
- YTD returns: PPC +66%, SAFM +58%, HRL -10%.
- PE ratios: PPC 16, SAFM 12, HRL 19.
Morgan Stanley starts off coverage on PPC, SAFM and HRL
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About PPC Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
PPC | - | - |
Pilgrim's Pride Corporation |