Goldman Sachs Adds Sanderson Farms (SAFM) to Conviction Buy List, Time to Buy Chicken
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Price: $204.00 --0%
Rating Summary:
6 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
6 Buy, 14 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Goldman Sachs added Sanderson Farms (NASDAQ: SAFM) to its Conviction Buy List with a price target of $55, suggesting 26% upside. The firm sees a once-in-a-cycle chance to buy chicken.
The analyst comments, "The current stage in the chicken cycle has historically been the ideal time to buy SAFM, with the past four cycles since 1995 yielding on average 96 pp of annualized outperformance versus the S&P 500."
For more ratings news on Sanderson Farms click here and for the rating history of Sanderson Farms click here.
Shares of Sanderson Farms closed at $43.55 yesterday.
The analyst comments, "The current stage in the chicken cycle has historically been the ideal time to buy SAFM, with the past four cycles since 1995 yielding on average 96 pp of annualized outperformance versus the S&P 500."
For more ratings news on Sanderson Farms click here and for the rating history of Sanderson Farms click here.
Shares of Sanderson Farms closed at $43.55 yesterday.
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