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Fly News Breaks for May 3, 2016
LNCE, INGR, WWAV, HAIN, TSN
May 3, 2016 | 07:06 EDT
Jefferies analyst Akshay Jagdale says Tyson Foods (TSN) is no longer a top pick in Food Products. The stock's risk/reward is more balanced following the recent outperformance of the shares, Jagdale tells investors in a research note. Hain Celestial (HAIN) remains the analyst's top pick, followed by WhiteWave (WWAV), Ingredion (INGR) and Snyder's-Lance (LNCE). Jagdale keeps a Buy rating on Tyson with an increased price target of $78.
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