Goldman Sachs Reiterates Sell on Sanderson Farms

Goldman Sachs reiterates its Sell rating on Sanderson Farms SAFM after SAFM's strong 4Q2010. In a note to clients, Goldman Sachs writes, "We expect shares will open up on the earnings beat, but anticipate some profit taking during the conference call as management addresses the feed cost outlook for FY2011 We maintain a Sell rating as we continue to see downward revisions next year, and the strong 4Q result does not materially change that concern. Our price target remains unchanged." SAFM is trading at $42.06.