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Fly News Breaks for December 4, 2019
TSN
Dec 4, 2019 | 07:28 EDT
JPMorgan analyst Ken Goldman raised his price target for Tyson Foods to $89 from $83 saying he's encouraged by China opening its borders to U.S. chicken, the recent strength in U.S. meat prices, and the potential for the company's fiscal 2020 earnings to beat expectations. The analyst raised his estimates for Tyson Foods but keeps a Neutral rating on the shares due to valuation. African swine fever should provide a "significant tailwind" to Tyson's Chicken segment, Goldman tells investors in a research note.
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