Goldman Sachs Upgrades Sanderson Farms (SAFM) to Neutral

Goldman Sachs analyst Adam Samuelson upgraded Sanderson Farms (NASDAQ: SAFM) from Sell to Neutral with a price target of $131.00 (from $81.00).

• Says higher competing protein prices and improving US exports prospects makes a negative stance unsustainable.
• Believes material upside is tempered by increases in US processing capacity over the coming 18 months.

For an analyst ratings summary and ratings history on Sanderson Farms click here. For more ratings news on Sanderson Farms click here.

Shares of Sanderson Farms closed at $141.50 yesterday.

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