Deutsche Bank Has Hold On Smithfield Foods

27% profits every 20 days?

This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.

Deutsche Bank is out with a research report on Smithfield Foods (NYSE: SFD) and it has a Hold rating and a $22 price target on shares.In a note to clients, Deutsche Bank writes, "(1) Global herd size remains controlled,(3) Feed costs are a challenge, but SFD has competitively advantaged position & visibility through FY12 due to corn hedging. However stock looks rangebound due to recent pullback in cash hog prices/hog futures. This may prove temporary owing to herd contraction (at the margin, in the U.S.) and a likely return of Chinese import demand."Shares of SFD are off $1.87 to $20.25 in late Thursday trading.

27% profits every 20 days?

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!