๐๐ผ Pilgrimโs Pride Corporation (PPC) Update! ๐๐
๐ Key Points:
New Leadership: Ivan Siqueira appointed as president of Pilgrimโs Europe to enhance synergy and growth.
E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products.
Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong brands and key customer relationships.
๐ Outlook and Targets:
Bullish Sentiment: Positive developments drive bullish sentiment for PPC.
Upside Target: Set at $50.00-$52.00, reflecting confidence in future growth.
Entry Point: Bullish outlook above the $29.00-$30.00 mark.
๐ Potential for Growth: With strategic leadership appointments, e-commerce growth, and resilient business performance in Mexico, PPC is positioned for continued success and potential stock appreciation. ๐๐ #PPC #BullishOutlook ๐๐
New Leadership: Ivan Siqueira appointed as president of Pilgrimโs Europe to enhance synergy and growth.
E-commerce Growth: PPC experiences a 48% sales increase in 2022, with e-commerce now constituting 23% of revenue from branded products.
Mexico Business: PPC's Mexico business shows improved results despite market challenges, benefiting from strong brands and key customer relationships.
๐ Outlook and Targets:
Bullish Sentiment: Positive developments drive bullish sentiment for PPC.
Upside Target: Set at $50.00-$52.00, reflecting confidence in future growth.
Entry Point: Bullish outlook above the $29.00-$30.00 mark.
๐ Potential for Growth: With strategic leadership appointments, e-commerce growth, and resilient business performance in Mexico, PPC is positioned for continued success and potential stock appreciation. ๐๐ #PPC #BullishOutlook ๐๐
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