Smithfield Foods Inc. drew buy ratings from analysts at BofA Securities and UBS on Monday as the pork producer exited its quiet period after its initial public offering late last month.
In addition to collecting 500 lbs of food, Smithfield Foods contributed $10,000 to the UVA and Virginia Tech food pantries.
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Morgan Stanley analyst Dara Mohsenian initiates coverage on Smithfield Foods with an Overweight rating, setting a $28 price target.