BRF SA (ADR) (BRFS) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on May 31, 2016.
BRF SA (ADR) closed down -0.23 points or -1.78% at $12.69 with 10,49,313 shares getting traded on Friday. Post opening the session at $12.88, the shares hit an intraday low of $12.65 and an intraday high of $12.89 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
BRF SA (BRF) is a Brazil-based food company. The Company produces fresh and frozen protein foods margarine sweet specialties sandwiches mayonnaise and animal feed and markets these products under Sadia Perdigao and Qualy brands. The Company operates in three segments: domestic market (Brazil) which includes the Company’s sales executed in Brazil except those relating to products in the food service channel; foreign (international) markets (that are divided into four regions: Middle East and Africa; Europe and Eurasia; Asia and the Americas) which includes the Company’s sales for exports and those generated outside Brazil except those relating to products in the food service channel and food services which includes the Company’s sales of all products in its portfolio generated in Brazil and foreign market to the customers for food service category that includes bars restaurants and industrial kitchens.