Pilgrim’s Pride shares will continue to move higher as global demand for chicken rises and grain costs drop, said Farha Aslam, Managing Director at Stephens. Aslam added that Pilgrim’s will also benefit from the acquisition of Tyson’s Mexico operations. She is also bullish on Tyson shares, saying the company is successfully transitioning from commodity to a packaged food company as a result of the Hillshire acquisition. Finally, Aslam is positive on Hormel, saying that lower hog costs will help its Spam sales and its debt free balance sheet will give it flexibility as M&A opportunities arise.
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