BofA Cuts Tyson (TSN), ADM (ADM), Smithfield (SFD) by Two Notches to Underperform

May 10, 2011 7:52 AM EDT
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Price: $58.48 +0.14%

Rating Summary:
    14 Buy, 15 Hold, 1 Sell

Rating Trend: Up Up

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    Up: 8 | Down: 5 | New: 26
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In the Food Processing sector Tuesday morning, an analyst at BofA Merrill downgraded Tyson Foods (NYSE: TSN), Archer Daniels Midland (NYSE: ADM) and Smithfield Foods (NYSE: SFD) by two notches from Buy to Underperform.

Shares of Archer Daniels Midland and Tyson are down around 1 percent in pre-market action while Smithfield shares are about flat.

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