SAFE DEAL (SFD) news

BUZZ - Bank of America downgraded the rating of Smithfield Foods to "Neutral," causing the stock price to drop

October 9 – ** Smithfield Foods (SFD.O), a pork producer, saw its share price fall by 2%, closing at $18.51 ** Bank of America downgraded the stock from “buy” to “neutral,” and adjusted the price target from $25 down to $21 ** The brokerage cited deteriorating fundamentals in the hog industry: weak demand for pork belly and ham, declining lean hog futures prices, and persistently high feed costs have led to expectations of reduced hog profits ** They expect the packaged meats segment to remain stable and stated that a recovery in the hog industry or a significant rise in packaged meats profits would make them more optimistic about the stock ** Out of seven brokerages, four rate the stock “buy” or higher, and the remainder rate it “hold”; according to LSEG data, the median price target is $28 ** As of the previous trading day’s close, the stock is down approximately 15% year to date. (For convenience of non-English speakers, Reuters automatically translates its reports into several other languages. Because automated translation may result in errors or lack necessary context, Reuters does not guarantee the accuracy of automatically translated texts, which are provided solely for readers’ convenience. Reuters assumes no responsibility for any damage or loss arising from the use of automated translation features.)

SHARES OF SMITHFIELD FOODS DOWN 2% AFTER BOFA GLOBAL RESEARCH DOWNGRADES TO 'NEUTRAL'

SHARES OF SMITHFIELD FOODS DOWN 2% AFTER BOFA GLOBAL RESEARCH DOWNGRADES TO 'NEUTRAL'

SMITHFIELD FOODS INC <SFD.O>: BOFA GLOBAL RESEARCH CUTS TO NEUTRAL FROM BUY; CUTS PRICE OBJECTIVE TO $21 FROM $25

SMITHFIELD FOODS INC : BOFA GLOBAL RESEARCH CUTS TO NEUTRAL FROM BUY; CUTS PRICE OBJECTIVE TO $21 FROM $25

Smithfield Foods to release fiscal Q3 2026 results, host conference call

Smithfield Foods to release fiscal 2026 third-quarter results before the open on Oct. 27, 2026. Conference call set for 9:00 a.m. ET on Oct. 27, 2026, with live webcast at investors.smithfieldfoods.com. Replay to post about three hours after the call, available until Nov. 3, 2026, via investors.smithfieldfoods.com. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Smithfield Foods Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610061615PRIMZONEFULLFEED9840690) on October 06, 2026, and is solely responsible for the information contained therein.

SMITHFIELD FOODS INC <SFD.O>: STEPHENS INITIATES COVERAGE WITH EQUAL-WEIGHT RATING; PRICE TARGET $22