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Pilgrim’s Pride price target raised to $48 from $47 at BMO Capital

BMO Capital raised the firm’s price target on Pilgrim’s Pride (PPC) to $48 from $47 and keeps a Market Perform rating on the shares. Following the company’s Investor Day where the management outlined growth strategy and capital allocation priorities, the firm’s adjusted model raises 2025 EPS view by 5c to $5.36, reflecting strong U.S. margin environment, the analyst tells investors in a research note.

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