# Bank of America Downgrades Smithfield Foods as Pork Market Weakens

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28937
Published: 2026-10-09T12:20:26.000Z
Updated: 2026-10-09T12:20:26.000Z
Section: Investing

> The bank lowered its rating to neutral from buy and cut the price target to $21 from $25, implying about 12% upside from the previous close.

Bank of America downgraded Smithfield Foods to neutral from buy on Oct. 9 and cut its price target to $21 from $25 as pork-market conditions deteriorated and producer economics weakened.

The revised target represented about 12% upside from the company’s previous close. The rating change reflects a less favorable outlook for the pork market and the profitability of producers.

Smithfield Foods now carries a neutral rating from the bank, with the lower target reflecting the pressure from weaker industry conditions.