Pilgrim’s Pride price target raised to $45 from $43 at Barclays

Barclays raised the firm’s price target on Pilgrim’s Pride to $45 from $43 and keeps an Equal Weight rating on the shares. The firm continues to see a weak U.S. beef market halfway through the year, but says the Australian cattle cycle has begun to emerge from its lows seen in the early 2020s.

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