- pre-open
- SHLD Price Target lowered to $20 from $35, maintains underperform rating

Other headlines for [SFD]

• TSN 12/29/2008 06:18pm
  Tyson Foods Inc USDA says that Mexico has lifted its meat-import ban on some plants in the US- Also, Mexico has ended restrictions on at least 19 slaughterhouses.
  
• 12/26/2008 11:20am
  USDA: Mexico suspends meat imports from thirty US beef, pork and poultry packing plants- Follow Up: 2:45pmET : Mexico notes that the temporary suspension is not retaliation but due to a technicality
  
• SFD 12/17/2008 07:00am
  Smithfield Foods Inc. Completes merger with Campofrio- The new company will be known as Campofrio Food Group and will be listed on the Madrid and Barcelona Stock Exchanges. The merger creates the largest pan-European more...
  
• SFD 12/16/2008 04:38pm
  Smithfield Foods Inc. Rating cut to B from BB- at S&P- The move impacts about $3.8B of debt.
  
• SFD 12/8/2008 07:44am
  Smithfield Foods Inc. DB Raised SFD to Buy from Hold
  

Consumer staples sector headlines

• TSN Today 03:32pm
  Tyson Foods Inc Interim CEO: No major layoffs planned, poultry units wil be restructured- The company intends to select a new, permanent CEO as soon as possible and hopes the new leader can be identified from the more...
  
• CPWM Today 02:31pm
  Cost Plus Inc. Reports Dec SSS -4.3%; announces plans to close 26 stores- Expects pre tax impairment of $4M - will reduce home office and distribution center staff by 18% and will implement a number of additional more...
  
• CVS Today 12:39pm
  CVS Corp Hearing removed from Goldman Sachs conviction buy list (timing uncertain)
  
• DMND Today 09:08am
  Diamond Foods, Inc. Long Bow Research Raised DMND to Buy from Neutral, price target: $27
  
• CVS Today 08:49am
  CVS Corp CFO: Guides FY09 Rev growth of 10.5-12.5% - conf call- Guides Q1 Rev +8-10% - Puts 2009 CAPEX at $1-1.2B with free cash flow of approx $3.5B