Archer-Daniels (ADM): ADM is downgraded to Equal Weight from Overweight at Morgan Stanley.
Hormel Foods (HRL): The Spam maker is moved to Sell from Neutral at Janney Montgomery Scott.
Smithfield Foods (SFD): Bank of America-Merrill Lynch lowers the world’s largest pork producer an unusual 180 degrees, to Underperform from Buy. Surging corn prices are cited.
Supervalu (SVU): The stock is moved to Neutral from Overweight at JPMorgan.
Tyson Foods (TSN): Morgan Stanley moves the company to Underweight from Equal Weight.
Source: Argentine Beef Packers S.A.
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