Goldman Sachs Downgrades Smithfield Foods (SFD) to Neutral

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Goldman Sachs downgraded Smithfield Foods (NYSE: SFD) from Buy to Neutral, saying they hog prices approaching a peak this summer.

The firm maintains their $24 price target and remains constructive on the company's longer-term prospects driven by its restructuring efforts and focus on returns.

For more ratings news on Smithfield Foods click here and for the rating history of Smithfield Foods click here.

Shares of Smithfield Foods closed at $22.49 yesterday, with a 52 week range of $13.34-$23.64.

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