Industrias Bachoco SA downgraded by JP Morgan with a new price target
$IBA
Meat/Poultry/Fish
Consumer Staples
JP Morgan downgraded Industrias Bachoco SA from Overweight to Neutral and set a new price target of $56.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/22/2023 | $56.00 | Overweight → Neutral | JP Morgan |
JP Morgan downgraded Industrias Bachoco SA from Overweight to Neutral and set a new price target of $56.00
JP Morgan upgraded Industrias Bachoco SAB from Neutral to Overweight and set a new price target of $50.00
6-K - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
15F-15D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
25 - Industrias Bachoco S.A.B. de C.V. (0001044896) (Filer)
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs that its Board of Directors, with the abstention in the deliberation and voting, and without the presence of, directors who are members of the Robinson Bours Family, has resolved, considering, mainly, that, to date, approximately 2.5% of the shares representing its outstanding capital stock are held by the investing public, and, therefore: (i) the costs of maintaining such shares registered in the National Securities Registry (Registro Nacional de Valores) maintained by the National Banking and Securities Commission (C
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, informs, following previous announcements, that it has delisted its American Depositary Receipts ("ADRs"), from the New York Stock Exchange ("NYSE"), and is in the process of terminating its ADR program, and deregistering and terminating its obligations to prepare and file reports under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Bachoco filed a Form 15F, before the U.S. Securities and Exchange Commission ("SEC") on April 24, 2023, with the effect of immediately suspending its Exchange Act reporting
Industrias Bachoco, S.A.B. de C.V. ("Bachoco") (NYSE:IBA, BMV:BACHOCO). A national leader in the production and marketing of poultry products and other food products, today announced that its Board of Directors, considering, among other things: the results of the tender offer concluded on November 2022, by Edificio del Noroeste, S.A. de C.V., a vehicle controlled by the Robinson Bours Family, which together with its affiliates and related parties in the aggregate, at this date hold more than 97% of the outstanding shares issued by Bachoco; the low trading volume in the United States of America; the relatively low participation in the American Depositary Receipts ("ADRs") program and the ben
SC 13D/A - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)
SC 13D - Industrias Bachoco S.A.B. de C.V. (0001044896) (Subject)