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TSN

Tyson Foods

$57.60

-9.76 (-14.49%)

07:06
11/22/16
11/22
07:06
11/22/16
07:06

Jefferies views Tyson Foods selloff as 'great' buying opportunity

Jefferies analyst Akshay Jagdale believes the recent underperformance of Tyson Foods shares provides a "great" buying opportunity. The stock has underperformed the S&P 500 Index significantly since September owing to the Q4 miss and rotation out of staples, Jagdale tells investors in a research note. If not for several one-time issues, primarily in Chicken, Q4 earnings would have been in-line with consensus, the analyst contends. He believes Tyson's value-added long-term growth strategy remains intact. Jagdale lowered his price target for the shares to $75 from $85 and keeps a Buy rating on the Tysons.

TSN Tyson Foods
$57.60

-9.76 (-14.49%)

10/11/16
BMOC
10/11/16
UPGRADE
BMOC
Outperform
Tyson Foods upgraded to Outperform from Market Perform at BMO Capital
10/11/16
BMOC
10/11/16
UPGRADE
BMOC
Outperform
Tyson Foods upgraded on fundamentals, valuation at BMO Capital
As noted earlier, BMO Capital analyst Kenneth Zaslow upgraded Tyson Foods to Outperform from Market Perform. The analyst thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. Moreover, the analyst expects the company to deliver "sustainable growth" in fiscal 2018, and he thinks that the impact of the class action lawsuit against it will probably be "limited." Target to $84 from $77.
10/11/16
10/11/16
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Twitter (TWTR) upgraded to Hold from Sell at Evercore ISI with analyst Ken Sena citing the recent pullback in the shares. 2. Tyson Foods (TSN) upgraded to Outperform from Market Perform at BMO Capital with analyst Kenneth Zaslow saying he thinks that the company's "strong underlying fundamentals" should enable its fiscal 2017 profits to beat expectations, and he says that the shares are undervalued. 3. Virgin America (VA) upgraded to Neutral from Underweight at JPMorgan with analyst Jamie Baker saying regulatory approval of the pending Alaska Air (ALK) takeover "remains more likely than not." 4. Cummins (CMI) was upgraded to Conviction Buy from Neutral and Caterpillar (CAT) was upgraded to Buy from Neutral at Goldman. 5. Carbonite (CARB) upgraded to Outperform from Perform at Oppenheimer with analyst Brian Schwartz saying he sees "substantial upside" from current levels due to valuation and fundamentals. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/18/16
JPMS
11/18/16
NO CHANGE
JPMS
Amid pricing controversy, JPMorgan would 'probably' own Tyson into earnings
Following yesterday's Washington Post story, JPMorgan analyst Ken Goldman says evidence continues to mount suggesting that the Georgia Dock pricing methodology could be flawed. It is still too early to draw full conclusions, but reporting on the topic suggests that if the price discovery methodology is changed, a chicken price decline is more likely than a price increase, Goldman tells investors in a research note. He points out that shares of Tyson Foods (TSN), Sanderson Farms (SAFM) and Pilgrim's Pride (PPC) all declined yesterday by at least 3%. The analyst sees some offsets, however, noting that companies seem to be selling some of their tray pack chicken at prices below Georgia Dock and that some companies no longer price off of the Dock. Goldman remains "highly constructive" on near-term fundamentals and notes that he'd "probably be long" shares of Tyson into Monday's earnings.

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PIR

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WB

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CNP

CenterPoint Energy

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ALSN

Allison Transmission

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NOAH

Noah Holdings

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GBX

Greenbrier

$50.00

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PDS

Precision Drilling

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GBX

Greenbrier

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SPX

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GDX

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