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@General-Mils 2 months ago

Zacks report on meat stocks: PPC, BYND, and TSN

Zacks report on meat stocks: PPC, BYND, and TSN

Zacks released a report today on the meat industry. Consumer demand for protein remains steady, especially for lean and premium cuts, but the sector is dealing with rising costs for feed, labor, and transportation. Livestock supplies are also tight, particularly for beef. The industry is currently trading at a forward P/E of 12x compared to 23x for the S&P 500. Here is the breakdown on the stocks mentioned: Pilgrim's Pride (PPC): Rated Buy. They are in a good spot with poultry demand since chicken supply is more stable than beef right now. Earnings estimates for the year have moved up. Beyond Meat (BYND): Rated Buy. They are focusing on streamlining operations to cut costs. Demand is still softer than traditional meat, but their expected losses for the year have narrowed. Tyson Foods (TSN): Rated Hold. Their broad portfolio helps, with chicken demand acting as a stabilizer. However, the beef segment is dragging them down due to high cattle costs and limited supply.
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