BTG Pactual Initiates Coverage of Pilgrim’s Pride Corporation (PPC) With a Neutral Rating – Here’s Why

Pilgrim’s Pride Corporation (NASDAQ:PPC) is one of the best undervalued defensive stocks for 2026. On March 13, BTG Pactual initiated coverage of Pilgrim’s Pride Corporation (NASDAQ:PPC) with a Neutral rating and set a $40 price target. In its fiscal Q4 and full year 2025 financial results, the company reported net sales of $18.5 billion for the year, with a consolidated GAAP operating income margin of 8.7%. GAAP net income came up to $1.1 billion, with a GAAP EPS of $4.54, adjusted net income of $1.2 bill ...