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.
For comments and feedback contact: editorial@rttnews.com
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.