Sanderson Farms shares worth a look - Barron's

NEW YORK, March 2 (Reuters) - Shares of chicken producer Sanderson Farms Inc (SAFM.O: Quote, Profile, Research) are undervalued and may be a better bet to benefit from rising poultry prices than its more expensive competitors, according to a report in Barron's.

Using a conservative Wall Street forecast, Sanderson at 14 times earnings is considerably cheaper than Tyson Foods Inc (TSN.N: Quote, Profile, Research) and Pilgrim's Pride Corp (PPC.N: Quote, Profile, Research), the weekly financial newspaper said in its March 3 edition.

Even with the rising price of feed, Sanderson should be able to pass along additional corn costs, the report said.

Sanderson shares closed at $34.86 on Nasdaq on Friday.

"A run back into the $40s hardly seems a stretch," the report said. (Reporting by Bill Berkrot; Editing by Braden Reddall)