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BRF Brasil Foods (NASDAQ:BRFS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Monday, Analyst Ratings Net reports. The firm currently has a $21.00 price objective on the stock. Zacks‘s price objective would indicate a potential upside of 2.39% from the stock’s previous close.

Shares of BRF Brasil Foods (NASDAQ:BRFS) traded up 1.27% during mid-day trading on Monday, hitting $20.77. 943,360 shares of the company’s stock traded hands. BRF Brasil Foods has a 1-year low of $16.48 and a 1-year high of $26.35. The stock’s 50-day moving average is $18.56 and its 200-day moving average is $21.04. The company has a market cap of $18.084 billion and a P/E ratio of 34.24.

Other equities research analysts have also recently issued reports about the stock. Analysts at Miller Tabak initiated coverage on shares of BRF Brasil Foods in a research note on Friday, February 28th. They set a “buy” rating on the stock. Analysts at Goldman Sachs downgraded shares of BRF Brasil Foods from a “buy” rating to a “neutral” rating in a research note on Thursday, January 16th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $21.00.

BRF – Brasil Foods SA (NASDAQ:BRFS) is a food company with a focus on the production and sale of poultry, pork, beef cuts, milk, dairy products and processed food products.

To view Zacks’ full report, visit Zacks’ official website.

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