Barclays initiated coverage of Smithfield Foods (SFD) with an Overweight rating and $28 price target The firm sees potential upside in the company’s continued margin expansion as it optimizes its packaged meats portfolio and internal hog supply. This positions Smithfield to benefit from an improved pork market, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFD:
- Smithfield Foods initiated with a Buy at BofA
- Smithfield Foods initiated with a Buy at Citi
- Smithfield Foods: Compelling Buy with 33% Upside Potential Driven by Margin Expansion and Valuation Gap
- Smithfield Foods initiated with a Buy at Goldman Sachs
- Smithfield Foods: Promising Growth and Strong Returns Amid Sector Trends and Cost Efficiencies