Smithfield Foods (SFD +3.8%) trades higher after Credit Suisse ups the shares to Outperform and...

|About: Smithfield Foods Inc. (SFD)|By:, SA News Editor

Smithfield Foods (SFD +3.8%) trades higher after Credit Suisse ups the shares to Outperform and raises its price target to $29. The firm says elements are in place for the company to achieve 15% pork export growth through 2013, as U.S. pork supply struggles to keep pace with rising hog prices.