Market Overview

UPDATE: Miller Tabak Upgrades Brasil Foods On Improved Export Landscape


In a report published Wednesday, Miller Tabak analyst Tim Tiberio upgraded the rating on Brasil Foods (NYSE: BRFS) from Hold to Buy, and raised the price target from $26.00 to $28.00.

In the report, Miller Tabak noted, “Upgrade to Buy from Hold, as we see valuation upside coinciding with an unexpected market opportunity presented by growing import bans on US poultry. More importantly, global trade dynamics should provide Brasil Foods with a much-needed pressure valve in 2015, as domestic economic growth remain middling and domestic poultry production is poised to expand as lower feed costs flow through to breeders. Looking beyond N-T commodity-economic trends, we see a greatly improved balance sheet enabling the company to re-ignite top-line processed food revenue growth in 2016 vis-à-vis M&A.”

Brasil Foods closed on Tuesday at $23.05.

Latest Ratings for BRFS

Sep 2019DowngradesBuyHold
Jun 2019UpgradesNeutralOverweight
Jul 2018UpgradesEqual-WeightOverweight

View More Analyst Ratings for BRFS
View the Latest Analyst Ratings

Posted-In: Miller Tabak Tim TiberioAnalyst Color Upgrades Analyst Ratings


Related Articles (BRFS)

View Comments and Join the Discussion!

Latest Ratings

CYCowen & Co.Downgrades
CNPCredit SuisseDowngrades28.0
CNPGuggenheim SecuritiesDowngrades29.0
BRKRStifel NicolausInitiates Coverage On53.0
AWKJP MorganInitiates Coverage On127.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Trading Daily
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

Alibaba Invests In AdChina And India's One97 Communications

Goldman Sachs Upgrades BlackRock To Buy