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Fly News Breaks for November 13, 2019
TSN
Nov 13, 2019 | 09:32 EDT
BMO Capital analyst Kenneth Zaslow raised his price target on Tyson Foods to $98 and kept his Outperform rating, noting that while the company missed on Q4 earnings because of weaker performance in Prepared Foods, its FY20 guidance calls for high-single-digit earnings growth with "potential for profound upside." The analyst also points to the strong beef/pork fundamentals and the potential for a chicken trade agreement with China supporting the stock beyond the "short-term operational missteps."
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