Pilgrim's Pride Corporation
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๐Ÿ”๐Ÿ’ผ Pilgrimโ€™s Pride Corporation (PPC) Update! ๐Ÿ“ˆ๐ŸŒŸ

๐Ÿ“Š Key Points:

New Leadership: Ivan Siqueira appointed as president of Pilgrimโ€™s 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.
๐Ÿ“ˆ 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.
๐Ÿš€ 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. ๐Ÿ“ˆ๐Ÿ” #PPC #BullishOutlook ๐ŸŒŸ๐Ÿ“Š
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