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Fly News Breaks for November 14, 2018
TSN
Nov 14, 2018 | 06:31 EDT
Mizuho analyst Jeremy Scott keeps a Buy rating on Tyson Foods following the company's "strong" beat in Q4. Commodity beef margins "were stellar, as expected, while prepared foods performed in line and chicken remained soft," Scott tells investors in a post-earnings research note. While the Street will have concerns about new management's ongoing commitment to the financial fitness program, after a year of negative surprises, the stock is "overdue for a recovery," says the analyst. He lowered his price target for the stock to $78 from $82.
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