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Enter Symbol:
Rating: PPC
Buy $24

Pilgrim's Pride Corporation (NASDAQ: PPC) upgraded to Buy with price target $24 by BB&T Capital Mkts

Wednesday,  Nov 4, 2015  10:25 AM ET by Dave Ficere

BB&T Capital Mkts upgraded Pilgrim's Pride Corporation (NASDAQ: PPC) to Buy
with price target $24. Previously BB&T Capital Mkts rated Hold Pilgrim's Pride Corporation (NASDAQ: PPC) on 12/05/2014, when the stock price was $37.83.

Pilgrim?s Pride Corporation (Pilgrim?s Pride) is a chicken company in the United States, Mexico and Puerto Rico. The Company?s prepared chicken products meet the needs of some of the customers in the food service industry across the United States. Under the Pilgrim's Pride brand name, its fresh chicken retail line is sold in the southeastern, central, southwestern and western regions of the United States, throughout Puerto Rico, and in the northern and central regions of Mexico. Additionally, it exports commodity chicken products to 90 countries. As a vertically integrated company, it controls every phase of the production of its products. The Company operates feed mills, hatcheries, processing plants and distribution centers in 14 United States of America states, Puerto Rico and Mexico. In December 2009, Pilgrim?s Pride announced that the Company and six of its subsidiaries have emerged from Chapter 11 bankruptcy protection.

BB&T Capital Markets is dedicated to delivering world-class corporate banking, investment banking, and capital markets solutions to commercial clients, corporate clients, and government entities. Our customer focus and team approach, combined with the fast-growing strength and national recognition of BB&T, equip us to build lasting relationships and contribute significantly to the long-term success of each client.

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