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Hot Comfort Food Stocks with Upside: Analyst

Friday, 19 Feb 2010 | 1:06 PM ET

Tyson, Hormel , and SandersonFarms all hit one-year highs this month. What’s making shoppers stick to these comfort foods and is there more upside to come?

Food Stocks on a Roll
Insight on what is making shoppers stick to comfort foods, with Heather Jones, BB&T Capital Markets consumer/agribusiness analyst.

Heather Jones, consumer and agribusiness analyst at BB&T Capital Markets, shared her insights.

“I would attribute the strong performance to a much improved earnings outlook, which is a function of several factors: much lower fee cost, much tighter supply across the board for all the proteins, as well as improved export demand for, especially, beef and pork,” Jones told CNBC.

Recommendations:

Jones favors Tyson and Sanderson .

He has a “hold” rating on Smithfield .

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Disclosures:

BB&T Capital Markets has clients who own shares of TSN, SFD and SAFM.

An affiliate of BB&T Capital Markets received compensation from Smithfield Foods and Tyson Foods for products or services other than investment banking services during the past 12 months.

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