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TSN

Tyson Foods

$65.42

-1.48 (-2.21%)

, PPC

Pilgrim's Pride

$26.01

0.56 (2.20%)

11:31
08/08/17
08/08
11:31
08/08/17
11:31

Chicken company offers $2.25M to settle price-fixing lawsuit, WSJ reports

Fieldale Farms has offered to pay $2.25M to settle a lawsuit that accused the chicken industry of colluding to keep prices high, The Wall Street Journal reported after the close yesterday. The company also agreed to provide documents and other information to the plaintiffs, which are suing 13 other chicken companies in the same case. Maplevale Farms has sued chicken processors including Tyson Foods (TSN), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM), which are contesting the charges and did not immediately respond to requests for comment, the Journal noted. According to Bloomberg, analysts at Susquehanna have said the terms of the proposed Fieldale settlement are positive for the industry, as the figure offered implies lower than expected exposure. Reference Link

TSN

Tyson Foods

$65.42

-1.48 (-2.21%)

PPC

Pilgrim's Pride

$26.01

0.56 (2.20%)

SAFM

Sanderson Farms

$136.57

2.04 (1.52%)

TSN Tyson Foods
$65.42

-1.48 (-2.21%)

08/08/17
GSCO
08/08/17
NO CHANGE
Target $79
GSCO
Buy
Tyson Foods trading at a discount, says Goldman Sachs
Goldman analyst Adam Samuelson said Tyson's Q3 beat and optimistic 2018 guidance were encouraging following several quarters of lackluster performance in Prepared/Chicken. The analyst has increased confidence in FY18 sustained growth and said Tyson's value-added businesses are not being appropriately reflected in current valuation. Samuelson rates Tyson a Buy with a $79 price target.
08/08/17
FBCO
08/08/17
NO CHANGE
Target $70
FBCO
Neutral
Tyson Foods price target raised to $70 from $65 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Tyson Foods to $70 from $65 after quarterly results. The analyst reiterates a Neutral rating on the shares.
07/19/17
07/19/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tyson Foods (TSN) reinstated with a Neutral at Credit Suisse. 2. Bob Evans (BOBE) initiated with a Buy at Berenberg. 3. Quanex (NX) coverage assumed with an Outperform at Wedbush. 4. Agile Therapeutics (AGRX) initiated with a Buy at H.C. Wainwright. 5. Caesars (CZR) re-initiated with an Outperform at Imperial Capital. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
07/19/17
FBCO
07/19/17
INITIATION
Target $65
FBCO
Neutral
Tyson Foods reinstated with a Neutral at Credit Suisse
Credit Suisse analyst Robert Moskow reinstated Tyson Foods with a Neutral rating and $65 price target following its acquisition of Advance Pierre.
PPC Pilgrim's Pride
$26.01

0.56 (2.20%)

06/06/17
CLVD
06/06/17
NO CHANGE
CLVD
Neutral
Pilgrim's Pride Q2 estimates raised at Cleveland Research
Cleveland Research raised its Q2 EPS estimate for Pilgrim's Pride based on an upwardly revised U.S. pricing forecast. The firm sees potential for Pilgrim's Pride shares to increase by about 10% over the near-term, but keeps a Neutral rating on the stock.
05/24/17
SPHN
05/24/17
NO CHANGE
Target $35
SPHN
Overweight
Pilgrim's Pride weakness on JBS headlines a buying opportunity, says Stephens
Stephens analyst Farha Aslam notes that shares of Brazilian meat company JBS (JBSAY), which owns 78.5% of Pilgrim's Pride (PPC), have plunged on news regarding bribes paid to government officials in exchange for favorable loans and concerns about JBS have weighed on Pilgrim's Pride shares as well. However, she views the weakness in Pilgrim's as a buying opportunity, as the need for a fire sale is unlikely and the company's fundamentals are "excellent." Aslam keeps an Overweight rating and $35 price target on Pilgrim's Pride shares.
04/21/17
04/21/17
UPGRADE
Target $30

Buy
Update: Pilgrim's Pride upgraded to Buy on valuation at Vertical Research
As previously reported, Vertical Research upgraded Pilgrim's Pride to Buy from Hold with a $30 price target telling investors risk/reward is favorable at current levels
04/21/17
VERT
04/21/17
UPGRADE
VERT
Buy
Pilgrim's Pride upgraded to Buy from Hold at Vertical Research
SAFM Sanderson Farms
$136.57

2.04 (1.52%)

06/12/17
06/12/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Neutral from Buy at Mizuho with analyst Abhey Lamba saying "Enthusiasm" around the upcoming iPhone launch is fully priced in after the stock's year-to-date outperformance. 2. Adobe (ADBE) downgraded to Sell from Hold at Pivotal Research with analyst Brian Wieser citing valuation. 3. Pandora (P) downgraded to Perform from Outperform at Oppenheimer with analyst Jason Helfstein citing a "failure" of his takeout thesis. The capital investment from SiriusXM (SIRI) and Ticketfly will allow Pandora to refocus on its core advertising business, which is the correct strategy, Helfstein tells investors in a research note. He sees share upside to "only" $9.50-$11.00 and removed his $14 price target on the stock. 4. Vantiv (VNTV) downgraded to Sector Weight from Overweight at Pacific Crest with analyst Josh Beck saying "continued retail challenges" could limit fundamental upside. 5. Sanderson Farms (SAFM) downgraded to Sector Weight from Overweight at KeyBanc with analyst Brett Andress citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
06/12/17
KEYB
06/12/17
DOWNGRADE
KEYB
Sector Weight
Sanderson Farms downgraded to Sector Weight from Overweight at KeyBanc
KeyBanc analyst Brett Andress downgraded Sanderson Farms to Sector Weight citing valuation with the shares up 28% since his March 26 upgrade. The analyst sees a more balanced risk/reward at current share levels and recommends taking profits in the name.
06/07/17
MZHO
06/07/17
INITIATION
Target $142
MZHO
Buy
Sanderson Farms initiated with a Buy at Mizuho
Mizuho analyst Jeremy Scott initiated Sanderson Farms with a Buy and a $142 price target.
06/06/17
LEHM
06/06/17
INITIATION
Target $125
LEHM
Equal Weight
Sanderson Farms initiated with an Equal Weight at Barclays
Barclays analyst Benjamin Theurer started Sanderson Farms with an Equal Weight rating and $125 price target. The analyst launched coverage on the Americas Agribusiness sector with a Neutral rating. He expects Sanderson's margins to contract in the coming years.

TODAY'S FREE FLY STORIES

FPI

Farmland Partners

$5.68

-0.09 (-1.56%)

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FHN

First Horizon

$14.47

-0.65 (-4.30%)

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UAA

Under Armour

$22.43

-1.02 (-4.35%)

, UA

Under Armour

$21.13

-0.94 (-4.26%)

15:29
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Periodicals
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UAA

Under Armour

$22.43

-1.02 (-4.35%)

UA

Under Armour

$21.13

-0.94 (-4.26%)

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DXPE

DXP Enterprises

$34.65

-0.48 (-1.37%)

15:28
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Conference/Events
DXP Enterprises management to meet with Sidoti »

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  • 11

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BAYRY

Bayer

$0.00

(0.00%)

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Periodicals
Bayer CEO says has not had communication with Elliott, Reuters says »

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X

U.S. Steel

$20.74

-0.56 (-2.63%)

15:20
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Options
Put spreads in US Steel as shares slip to 52-week lows »

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CASY

Casey's General Stores

$119.48

-1.94 (-1.60%)

15:19
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Options
Caseys General Stores options imply 9.9% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 11

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
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Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
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12/10
15:16
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Technical Analysis
NYSE market internals summary »

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HTZ

Hertz

$16.18

-0.4 (-2.41%)

15:10
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Options
DOOM puts opened in Hertz »

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CEMI

Chembio Diagnostics

$6.35

0.01 (0.16%)

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Breaking Hot Stocks news story on Chembio Diagnostics »

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SPAR

Spartan Motors

$7.31

0.16 (2.24%)

15:05
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Hot Stocks
Spartan Motors director James Sharman buys almost 16K shares of company stock »

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15:05
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General news
Treasury Closing Summary: »

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ASNA

Ascena Retail

$2.96

-0.05 (-1.66%)

15:04
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Options
Ascena Retail options imply 27.3% move in share price post-earnings, above median historical move »

Pre-earnings options…

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  • 10

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WBT

Welbilt

$13.01

0.03 (0.23%)

15:01
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Breaking Periodicals news story on Welbilt »

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PCTY

Paylocity

$62.89

0.63 (1.01%)

14:59
12/10/18
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Conference/Events
Paylocity management to meet with William Blair »

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OMI

Owens & Minor

$7.14

0.18 (2.59%)

14:54
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Owens & Minor names Joseph S. Pekala chief information officer »

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CVIA

Covia

$4.81

-0.45 (-8.56%)

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SFIX

Stitch Fix

$26.91

0.57 (2.16%)

14:49
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Options
Stitch Fix options imply 30.4% move in share price post-earnings, above median historical move »

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  • 10

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AIG

AIG

$37.12

-0.77 (-2.03%)

14:45
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Options
AIG call volume above normal and directionally bullish »

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  • 10

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GRO

Agria

$0.00

(0.00%)

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Agria agrees to pay $3M to settle fraud charges »

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CVA

Covanta

$15.44

-0.18 (-1.15%)

14:41
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Conference/Events
Covanta management to meet with UBS »

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  • 12

    Dec

TEX

Terex

$28.31

(0.00%)

14:39
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14:39
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Conference/Events
Terex management to meet with UBS »

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  • 12

    Dec

TROW

T. Rowe Price

$91.92

-1.35 (-1.45%)

, WCG

WellCare

$235.10

-3.8 (-1.59%)

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Breaking Hot Stocks news story on T. Rowe Price, WellCare »

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TROW

T. Rowe Price

$91.92

-1.35 (-1.45%)

WCG

WellCare

$235.10

-3.8 (-1.59%)

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SSI

Stage Stores

$1.30

-0.09 (-6.47%)

14:39
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Breaking Hot Stocks news story on Stage Stores »

Axar Capital reports…

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