Packaged Foods & Meats

J.P. Morgan Chase & Co. is lowering its price target on shares of Smithfield Foods, Inc. (NYSE: SFD) to $20 from $23, and it has a Neutral rating on shares. In a note to investors, J.P. Morgan writes, "We are lowering our FY12 EPS estimate for Smithfield to $1.97 from $2.77 and now have the...

Citi is out with its report today on Campbell Soup (NYSE: CPB), reiterating Hold. In a note to clients, Citi writes, "We are moving our F2011 EPS estimate to $2.45 to reflect the top end of guidance. However, we are lowering our EPS estimates for F2012 to $2.45 (-15c), and F2013 to $2.60 (-20c) as...

Pre-open movers US stock futures are higher this morning, as investors are awaiting housing data. Futures on the Dow Jones Industrial Average gained 32 points to 12,394.00 and futures on the S&P 500 stock index rose 3.90 points to 1,319.10. Nasdaq 100 futures surged 5 points to 2,320.50. A...

The J. M. Smucker Company (NYSE: SJM) announced today that it increased the list price for the majority of its coffee products sold in the United States, primarily consisting of items sold under the Folgers, Dunkin' Donuts, Millstone, and Folgers Gourmet Selections® brand names. Prices will...

Sanderson Farms Inc (NASDAQ: SAFM) swung to a fiscal second-quarter net loss, from a profit in the year-ago period. Sanderson Farms reported a FQ2 loss at $16.3 million, or $0.74 per share, versus a profit of $35.1 million, or $1.62 per share, in the year-earlier period. The company's sales...

In a research report published today, Credit Suisse made a couple of rating changes. East West Bancorp (NASDAQ: EWBC) was downgraded from Outperform to Neutral. Credit Suisse elaborated its decision with: "Despite our longer-term belief that EWBC's Chinese-American niche will provide for healthy...

JP Morgan has lowered the price target on Smithfield Foods (NYSE: SFD) from $23 to $20 and maintains its Neutral rating.

Avago Technologies Limited (NASDAQ: AVGO) is expected to post its FQ2 EPS at $0.60 on revenue of $554.40 million. TiVo Inc (NASDAQ: TIVO) is projected to report a Q1 loss at $0.31 per share on revenue of $41.98 million. AutoZone Inc (NYSE: AZO) is projected to report its FQ3 EPS at $4.99 on...

According to an an article that appeared in DealBook on February 15, one of Steve Cohen's favorite stocks at that time was Green Mountain Coffee Roasters (NASDAQ: GMCR), which has since soared. The piece was written by Peter Lattman and it recounted a memorable evening when Paul Tudor Jones...

The Nasdaq is getting slammed on Monday, falling around 1.64% to 2,757.33. Among the better performers in today's very weak market are Green Mountain Coffee Roasters (NASDAQ: GMCR) and Dendreon (NASDAQ: DNDN). Green Mountain shares have added 1.80% to $78.06. Dendreon has gained 1.21% to $39.45.

Red Robin Gourmet Burgers Inc (NASDAQ: RRGB) shares moved up 2.27% to $35.88 at 10:43 am. The volume of RRGB shares traded was 148% higher than normal. RRGB's trailing-twelve-month revenue is $864.27 million. Imperial Sugar Company (NASDAQ: IPSU) shares rose 6.49% to $18.05. The volume of IPSU...

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares are stronger today, gaining almost 2%, after it was announced the company would be added to the NASDAQ 100 , effective the start of trading on Friday. “I speak for all of the employees of GMCR when I say we are pleased to be added to the...

By 10:25 am, the Dow Jones Industrial Average was down 149.70 points, or 1.20%, to 12,362.34, while the broader Standard & Poor's 500 index had dropped 16.64 points, or 1.25%. The NASDAQ composite index fell 51.22 points, or 1.83%. Some of the narrow based indexes that are supporting the...

First United Corporation (NASDAQ: FUNC) shares gained 6.34% to create a new 52-week high of $6.00. FUNC had $298.41 million in total cash for the latest quarter. Towerstream Corporation (NASDAQ: TWER) shares jumped 1.57% to create a new 52-week high of $5.16. TWER shares have jumped 247.95% over...

Campbell's (NYSE: CPB) COO Morrison says, "not satisfied with performance... will raise list prices on soup due to ingredient costs."