Morgan Stanley Reiterates View on Sanderson Farms

Morgan Stanley has published a research report on Sanderson Farms Inc

. In the report, Morgan Stanley wrote, "We remain Underweight, continue to believe that the chicken industry will fail to return to “normal” in F2012 and see material risk that F2012 is another loss-making year. We believe that SAFM shares saw some support today as some investors tried to call the bottom (again)." Morgan Stanley rated Sanderson Farms an Underweight with a price target of $33.00. Sanderson Farms closed Thursday at $39.42.