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Fly News Breaks for May 13, 2019
CVGW, TSN
May 13, 2019 | 08:53 EDT
Stephens analyst Ben Bienvenu named Tyson Foods (TSN) as his new 2019 Best Idea, replacing Calavo (CVGW). Bienvenu sees Tyson being "very well positioned" in the intermediate term to continue beating estimates and raising guidance given that he sees supply/demand dynamics in each of the company's major protein segments as set up favorably for FY19 and into FY20, he tells investors. The analyst keeps an Overweight rating and $95 price target on Tyson shares.
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