Stephens analyst Ben Bienvenu downgraded Tyson Foods to Equal Weight from Overweight with a $95 price target. While the analyst remains "positively inclined" on demand for chicken, pork and beef in 2020 in light of African swine fever, improved U.S./China trade and the potential for a McDonald's (MCD) chicken sandwich, he believes domestic production "remains heavy." This requires "exceptional" export demand to balance the U.S. market, and raises the bar to achieve peak pricing for protein in 2020, Bienvenu tells investors in a research note. It is possible that exports deliver the demand required to balance the protein market, but with the valuation expansion already seen, the stocks are more appropriately valued with balanced risk/rewards adds the analyst.