Goldman Sachs analyst Leah Jordan raised the firm’s price target on Smithfield Foods (SFD) to $31 from $29 and keeps a Buy rating on the shares. Hog production strength more than offsets near-term input cost pressure, with tailwinds expected to continue into FY26, the analyst tells investors in a research note. Goldman adds that it continues to see a constructive backdrop for Smithfield Foods in Q4 and into FY26 with a favorable commodity outlook for hog production, along with a margin recovery in the other segments over time.
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