瑞银：下一轮猪周期要来了，牧原股份有望迎来估值修复

财闻03-07

瑞银于3月5日发布研报，重申牧原股份（002714）(002714.SZ)“买入”评级，并将目标价由57.30元上调至60.55元。报告指出，当前生猪行业处于下行周期后期，猪价已跌破现金成本约1.5年，2025年第四季度起行业持续亏损，能繁母猪存栏持续收缩。　　瑞银预测，生猪价格将于2026年下半年触底，2027年进入上行周期早期，届时猪价有望达14.5元/公斤，推动牧原ROE回升至27%左右。...

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