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Fly News Breaks for April 17, 2018
TSN
Apr 17, 2018 | 09:51 EDT
RBC Capital analyst David Palmer lowered his price target on Tyson Foods to $83, saying Q2 earnings will be pressured by "significant freight cost inflation, rough winter weather in the Midwest, and tightening pork processor margins" in a quarter that is already known for being least profitable historically. Palmer keeps his Sector Perform rating, adding that higher cattle supply heading into Q3 could reduce costs and still drive higher EPS in 2018.
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