Markets

Sanderson stock may sink on industry woes: Barron's

Published Updated

The business newspaper cited one analyst as saying the shares could drop by nearly 25 percent within the next 12 months, from $42 per share to $33 per share, based on the industry's troubles.

Barron's said Sanderson is more vulnerable to the industry's difficulties than rivals such as Tyson Foods Inc and Pilgrim's Pride Corp because it is the largest pure-play chicken processor.

Sanderson is set to report quarterly earnings later this week.

Copyright Reuters, 2011