Sanderson Farms (SAFM) Misses Q1 EPS by 40c
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Jefferies Reiterates Underperform on Sanderson Farms (SAFM)
February 27, 2017 8:35 AM ESTJefferies reiterated an Underperform rating and $60.00 price target on Sanderson Farms (NASDAQ: SAFM). Jefferies decreased FY17 EPS estimates from $8.12 to $7.95 owing to the 1Q miss, slightly increased feed cost/lb assumptions, and weaker than expected industry fundamentals over the last few weeks.
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