Tyson (TSN) (ADM) (SFD) (BG) (OILT) (ONXX) Get New Coverage

Tyson Foods, Inc. (NYSE: TSN), Archer Daniels Midland Company (NYSE: ADM), Smithfield Foods, Inc. (NYSE: SFD), Bunge Limited (NYSE: BG), Oiltanking Partners (NASDAQ: OILT) and Onyx Pharmaceuticals, Inc. (NASDAQ: ONXX) getting new analyst coverage.

Barclays Capital initiated coverage on Tyson Foods, Inc. (TSN). They placed an “Overweight” rating and a price target of $23.00 on the company.

Barclays Capital initiated coverage on Archer Daniels Midland Company (ADM). They placed an “Equal Weight” rating and a price target of $31.00 on the company.

Barclays Capital initiated coverage on Smithfield Foods, Inc. (SFD). They placed an “Equal Weight” rating and a price target of $23.00 on the company.

Barclays Capital initiated coverage on Bunge Limited (BG). They placed an “Overweight” rating and a price target of $81.00 on the company.

Barclays Capital initiated coverage on Oiltanking Partners (OILT). They placed an “Overweight” rating and a price target of $28.00 on the company.

Summer Street initiated coverage on Onyx Pharmaceuticals, Inc. (ONXX). They placed a “Buy” rating and a price target of $49.00 on the company.

Ratings on (SFD) (TLB) (TSN) (VE) Downgraded

Ratings on Smithfield Foods, Inc. (NYSE: SFD), Talbots (NYSE: TLB), Tyson Foods, Inc. (NYSE: TSN) and Veolia Environnement (NYSE: VE) downgraded by analysts.

Bank of America (NYSE:BAC) downgraded Smithfield Foods, Inc. (SFD) from an “underperform” rating to a “sell” rating. They have a price target of $20.00 on the company.

Lazard Capital downgraded Talbots (TLB) from a “buy” rating to a “neutral” rating.

Bank of America downgraded Tyson Foods, Inc. (TSN) from a “buy” rating to an “underperform” rating. They have a price target of $17.00 on the company.

WestLB downgraded Veolia Environnement (VE) to a “buy” rating.

Ratings on (RAH) (SFD) (SMSI) (UN) Downgraded by Analysts

Analysts downgraded ratings on Ralcorp Holdings, Inc. (NYSE: RAH), Smithfield Foods, Inc. (NYSE: SFD), Smith Micro Software, Inc. (NASDAQ: SMSI) and Unilever (NYSE:UN) today.

SunTrust (NYSE:STI) downgraded Ralcorp Holdings, Inc. (RAH) from a “buy” rating to a “neutral” rating.

BB&T (NYSE:BBT) downgraded Smithfield Foods, Inc. (SFD) from a “buy” rating to a “hold” rating.

Canaccord Genuity downgraded Smith Micro Software, Inc. (SMSI) from a “buy” rating to a “hold” rating.

Credit Suisse (NYSE:CS) downgraded Unilever (NYSE:UN) from "neutral" to "underperform."

Smithfield Foods (NYSE:SFD) Getting Long-term Benefit from Hog Prices

Goldman Sachs (NYSE:GS) says Smithfield Foods (NYSE:SFD) will be helped over next several years as hog prices are higher than historical averages.

They said that "the outlook for hog prices to climb +15% in CY2011 down from our +20% prior view as we now expect an incremental +50 bp supply improvement industry-wide from SFD’s productivity efforts."

For full year 2011 they raised EPS estimates from $2.00 to $2.15. For full year 2012 they dropped EPS estimates by $0.10 to $1.75, and for full year 2013 they raised them from $1.50 to $2.05, again, citing processing margins for pork.

Goldman reiterates their "Buy" rating on Smithfield, which closed Friday at $20.28, up $0.58, or 2.94 percent. They raised their price target on them from $18 to $22.