Cairo - Mubasher: MubasherTrade Research has downgraded their recommendation on the stock of Cairo Poultry Company from Buy/Moderate Risk rating to Hold/Moderate Risk, according to a recent report.

The research firm also maintained their price target (PT) for the stock at EGP 8.13 per share.

“Despite the impressive results, we downgrade to Hold on the recent stock rally.”

MubasherTrade also noted that the second quarter financial results confirm their positive view on the stock, with the main value drivers being, the market leadership, the business integration and lucrative market with significant growth potentials, the report noted.