Morgan Stanley raised the firm’s price target on Smithfield Foods (SFD) to $31 from $29 and keeps an Overweight rating on the shares. Strong Q4 results and a “prudent” FY26 outlook leave room for upside, the analyst tells investors in a post-earnings note. Following the Q4 report, the firm is raising its FY26 estimates by about 14%, the analyst noted.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SFD:
- Smithfield Foods price target raised to $32 from $29 at BofA
- Buy Rating on Smithfield Foods: Strong Q4 Beat, Structural Margin Upside, and Attractive Pork Cycle Support $32 Target
- Midday Fly By: Estee Lauder in deal talks with Puig, Smithfield reports Q4 beat
- Video: Netgear rises after FCC bans foreign-made routers
- Morning Movers: Smithfield gains, Concentrix sinks after quarterly results