Pilgrims Pride (PPC) saw significant selling pressure on Monday after it was downgraded to a Neutral rating at Credit Suisse and had its price target cut to $19. Shares gapped open lower and eased throughout most of Monday's trading, before paring some of its loss in the late afternoon.
The stock extended a downtrend that began in late May and closed at its lowest level since December 2003, down $1.55 at $16.84.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.