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Fly News Breaks for February 8, 2016
TSN
Feb 8, 2016 | 08:30 EDT
Pivotal Research analyst Timothy Ramey raised Tyson's price target to $100 from $65 following the "stunning" Q1 report. The analyst said Tyson reported the first double-digit quarterly EBITDA margin in the history of the company led by the best ever Chicken EBIT margins of 13.6%, surprisingly good Beef EBIT margins at 2%, and Pork EBIT of 13% compared to 7.9% last year. Ramey said Tyson's balance sheet has improved to the point were it could do another large deal, which could push shares towards $100. The analyst has a Buy rating on Tyson shares.
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