Morgan Stanley, BofA and Barclays are acting as joint book running managers for the offering. The deal size was increased to 19.5M shares from 16.0M and priced below last closing price of $24.24.
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- Smithfield Foods launches secondary offering of 16M shares of common stock
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- Smithfield Foods price target raised to $30 from $28 at Barclays
- Smithfield Foods price target raised to $28.50 from $25 at UBS
- Smithfield Foods price target raised to $30 from $29 at Morgan Stanley
