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SAFM

Sanderson Farms

$160.00

-5.12 (-3.10%)

, TSN

Tyson Foods

$71.07

-0.57 (-0.80%)

05:30
10/06/17
10/06
05:30
10/06/17
05:30

Sanderson Farms downgraded to Underweight from Neutral at JPMorgan

JPMorgan analyst Ken Goldman downgraded Sanderson Farms to Underweight citing worsening chicken fundamentals amid accelerating supply growth and declining prices. The shares, up 38% since the start of July, have risen beyond their current fair value, Goldman tells investors in a research note. He expects Sanderson's earnings outlook to get "progressively worse from here." The analyst raised his price target for the shares to $134 from $129. In a research note partially titled "Birds of a Different Feather," Goldman also raised his estimates for Tyson Foods (TSN) citing the company's increased guidance and incremental cost savings program. Despite keeping a Neutral rating on the shares, the analyst views Tyson's near-term set up as attractive and sees upside to the stock price. He raised his price target for the shares to $77 from $70.

SAFM

Sanderson Farms

$160.00

-5.12 (-3.10%)

TSN

Tyson Foods

$71.07

-0.57 (-0.80%)

  • 13

    Oct

SAFM Sanderson Farms
$160.00

-5.12 (-3.10%)

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.
08/17/17
SPHN
08/17/17
DOWNGRADE
Target $145
SPHN
Equal Weight
Sanderson Farms downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Farha Asiam downgraded Sanderson Farms to Equal Weight citing valuation as shares are near his $145 price target.
08/17/17
08/17/17
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. Illinois Tool Works (ITW) downgraded to Underweight from Neutral at JPMorgan with analyst Ann Duignan citing valuation and expectations for continued multiple compression on weaker than peer organic growth. The analyst lowered her price target for the shares to $132 from $141. 2. Boston Properties (BXP) downgraded to Outperform from Top Pick at RBC Capital with analyst Michael Carroll saying he thinks that upcoming move-outs by the REIT's tenants, along with slower than expected macro economic growth, will negatively impact its growth. 3. Sanderson Farms (SAFM) downgraded to Equal Weight from Overweight at Stephens with analyst Farha Asiam citing valuation. 4. Nucor (NUE) downgraded to Sector Weight from Overweight at KeyBanc with analyst Philip Gibbs citing spread and volume pressures. 5. Netshoes (NETS) downgraded to Hold from Buy at Jefferies with analyst Brian Fitzgerald citing continuing softness in the consumption environment in Brazil as well as limited visibility into near-term operating results. The analyst lowered his price target for the shares to $18.50 from $22. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/02/17
MZHO
10/02/17
DOWNGRADE
Target $160
MZHO
Neutral
Sanderson Farms downgraded to Neutral from Buy at Mizuho
Mizuho analyst Jeremy Scott downgraded Sanderson Farms to Neutral while raising his price target for the shares to $160 from $151. The analyst believes the shares following the recent rally reflect the company's near-term fundamentals.
TSN Tyson Foods
$71.07

-0.57 (-0.80%)

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.
10/02/17
LEHM
10/02/17
NO CHANGE
Target $80
LEHM
Overweight
Tyson Foods price target raised to $80 from $75 at Barclays
Barclays analyst Benjamin Theurer raised his price target for Tyson Foods to $80 citing a stronger outlook following the company's guidance increase. Tyson is now forecasting "healthy" volume growth of 3% and 10% in the Chicken and Prepared Foods segments, respectively, Theurer tells investors in a research note. He keeps an Overweight rating on the shares.
10/02/17
FBCO
10/02/17
NO CHANGE
Target $75
FBCO
Neutral
Tyson Foods price target raised to $75 from $70 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Tyson Foods to $75 from $70 on valuation. The analyst reiterates a Neutral rating on the shares.
10/03/17
JEFF
10/03/17
NO CHANGE
Target $82
JEFF
Buy
Tyson Foods price target raised to $82 from $75 at Jefferies
Jefferies analyst Akshay Jagdale raised his price target for Tyson Foods to $82 citing last week's guidance increase. The analyst finds the company's chicken segment guidance as the most impressive and he keeps a Buy rating on the shares.

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MYL

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CYTR

CytRx

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EADSY

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IMDZ

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PG

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AMZN

Amazon.com

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ORIG

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ROSG

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HRS

Harris

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Boeing

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PI

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