Pilgrim’s Pride Corporation (PPC) PT Reduced at BMO Capital Amid Rising Feedstock and Energy Costs

We recently compiled a list of the 10 Cheap Stocks to Buy Now for Long Term. Pilgrim’s Pride Corporation is one of the cheap stocks to buy now for the long term.

TheFly reported on March 25 that BMO Capital adjusted its price target on PPC to $40 from $42 while maintaining a Market Perform rating. The update reflects revisions to the firm’s Agribusiness & Protein commodities models, incorporating changes in feedstock costs, elevated energy expenses, and a rebound in U.S. beef margins in March following weaker levels in February. These adjustments were detailed in the firm’s broader research note, which highlights the evolving cost environment and margin recovery within the poultry and protein sectors.

Separately, on March 30, Pilgrim’s Pride Corporation (NASDAQ:PPC) initiated a cash tender offer for up to $250 million in principal of its 6.250% Senior Notes due 2033. The offer allows holders to submit Notes for early or late acceptance, with total consideration calculated based on a fixed spread plus accrued interest. Notes tendered before the Early Tender Date of April 10, 2026, are eligible for additional early tender payments. The tender will expire on April 27, 2026, unless extended. Participation is subject to conditions outlined in the Offer to Purchase, and the company may increase or decrease the maximum tender amount at its discretion. Funding will come from available cash.

Pilgrim’s Pride Corporation (NASDAQ:PPC) is a leading U.S. poultry producer, processing, marketing, and distributing chicken and turkey products to retail, foodservice, and international customers.

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