Jefferies Raises Tgt on Smithfield Foods (SFD) On Better Hot Profit Trends
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Price: $22.61 -0.66%
Rating Summary:
11 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
11 Buy, 6 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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Jefferies reiterated its Buy rating on Smithfield Foods (NYSE: SFD) and raised its price target from $25 to $26 following better than expected hog profit trends.
The firm said with all signs pointing to a continuation of the very tight global supply/demand pork balance, they are raising FY12 EPS to $2.58 from $2.46 which compares to the Street consensus of $2.30.
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 $22.45 yesterday.
The firm said with all signs pointing to a continuation of the very tight global supply/demand pork balance, they are raising FY12 EPS to $2.58 from $2.46 which compares to the Street consensus of $2.30.
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 $22.45 yesterday.
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