🐔💼 Pilgrim’s Pride Corporation (PPC) Update! 📈🌟📊 Key Points:
New Leadership: Ivan Siqueira appointed as president of Pilgrim’s Europe to enhance synergy and growth.
E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products.
Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong brands and key customer relationships.
📈 Outlook and Targets:
Bullish Sentiment: Positive developments drive bullish sentiment for PPC.
Upside Target: Set at $50.00-$52.00, reflecting confidence in future growth.
Entry Point: Bullish outlook above the $29.00-$30.00 mark.
🚀 Potential for Growth: With strategic leadership appointments, e-commerce growth, and resilient business performance in Mexico, PPC is positioned for continued success and potential stock appreciation. 📈🐔 #PPC #BullishOutlook 🌟📊
