Smithfield Foods (SFD) Shares Continue Higher as Credit Suisse Adds to 'US Focus List'

Shares of Smithfield Foods (NYSE: SFD) are outperforming the broader stock market Wednesday afternoon following the morning addition of the stock to Credit Suisse's "US Focus List." The firm's Robert Moskow maintains an Outperform rating and $29 price target on Smithfield shares.

The move follows reports of a cow infected with mad-cow disease in California on Tuesday. Smithfield shares charged more than 2 percent higher to close Tuesday's session, and are up about 1.7 percent this afternoon. With the stock last trading at $21.02, Moskow's price target implies potential upside of about 38 percent.

To track all the market-moving analyst action on shares of Smithfield, visit our Analyst Ratings page.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Advance Auto Parts (AAP) PT Lowered to $48 at DA Davidson Following 25% Selloff Post Q2 Results
• Beike (BEKE) PT Raised to $23 at Morgan Stanley
• Ferrovial SA (FER:SM) (FRRVF) Reiterated at Buy by UBS on Winning Bid For Tennessee Project