Deutsche Securities upgraded its rating on shares of Smithfield Foods Inc. (SFD) Wednesday morning from a "Hold" to a "Buy."
Smithfield Foods Inc. gapped up slightly Wednesday and climbed throughout the first half hour of trade. Shares finished up by $1.49 at $17.12 on above average volume. The stock has been rising sharply since the beginning of the week and closed at a new high for the year.
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