Analyst Rating Update on BRF S.A. (BRFS)

BRF S.A. (NYSE:BRFS) : Zacks Investment Research ranks BRF S.A. (NYSE:BRFS) as 3, which is a Hold recommendation. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. The average broker rating of 1 research analysts is 4, which indicates as a Sell.

Company shares have received an average consensus rating of Hold for the current week Also, Brokerage firm JP Morgan upgrades its rating on BRF S.A. (NYSE:BRFS). In a research note issued to the investors, the brokerage major maintains price-target of $14 per share.The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on May 31, 2016.

BRF S.A. (NYSE:BRFS): stock turned positive on Tuesday. Though the stock opened at $13.11, the bulls momentum made the stock top out at $13.22 level for the day. The stock recorded a low of $12.95 and closed the trading day at $13.06, in the green by 2.43%. The total traded volume for the day was 1,290,513. The stock had closed at $12.75 in the previous days trading.

BRF SA (BRF) is a Brazil-based food company. The Company produces fresh and frozen protein foods, margarine, sweet specialties, sandwiches, mayonnaise and animal feed and markets these products under Sadia, Perdigao and Qualy brands. The Company operates in three segments: domestic market (Brazil), which includes the Companys sales executed in Brazil, except those relating to products in the food service channel; foreign (international) markets (that are divided into four regions: Middle East and Africa; Europe and Eurasia; Asia and the Americas), which includes the Companys sales for exports and those generated outside Brazil, except those relating to products in the food service channel, and food services, which includes the Companys sales of all products in its portfolio, generated in Brazil and foreign market, to the customers for food service category that includes bars, restaurants and industrial kitchens.

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