Smithfield Foods price target raised to $30 from $28 at Barclays

Barclays analyst Benjamin Theurer raised the firm’s price target on Smithfield Foods (SFD) to $30 from $28 and keeps an Overweight rating on the shares. The firm says that while the company’s Q2 results were mixed, management raised guidance on strong hog production results. Smithfield will continue to expand margins and cash flow, the analyst tells investors in a research note.