Smithfield Foods Inc.

Jefferies & Company has lowered the price target on Smithfield Foods (NYSE: SFD) from $26 to $24 and maintains its Buy rating.

In a report from the Economic Research Service, the United States Department of Agriculture has reported that the U.S. red meat production and exports hit record-highs in March and have been steadily increasing since 2007. The USDA has put together a forecast for livestock imports and exports in...

BB&T Capital Markets has published a research report on Smithfield Foods (NYSE: SFD) after the company announced its consideration of acquiring an 87% stake in European meat processor Campofrio, a 50% jump over its current holdings. In the report, BB&T writes "Our initial take was that...

Nasdaq is reporting that Clean Harbors (NYSE: CLH) and Smithfield Foods (NYSE: SFD) could play a vital role in the rebuilding of Japan. As Japan looks to pick itself up after a horrendous March, it will be looking for help cleaning up hazardous waste and feeding its people. That is where Clean...

In a report published by J.P. Morgan, Smithfield Foods (NYSE: SFD) reported a pro forma $0.84 3Q11 (Jan.) this morning, a healthy beat versus the Street's $0.69. J.P. Morgan said that it had estimated $0.74. “The beat was clean, in our view, as neither interest expense ($60MM) nor the tax rate (32...

Smithfield Foods Inc. (NYSE: SFD) said Wednesday that its John Morrell & Co. unit is planning to close its hog-processing and fresh meat fabrication plant in Sioux City, Iowa on April 20. The meat producer said that the plant employs 1,500 people and has the capacity to slaughter 14,000 hogs a...