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TSN

Tyson Foods

$67.63

-0.61 (-0.89%)

09:09
05/15/18
05/15
09:09
05/15/18
09:09

Tyson Foods acquires poultry rendering, blending assets of American Proteins

Subsidiaries of Tyson Foods have agreed to buy the poultry rendering and blending assets of American Proteins, Inc. and AMPRO Products, Inc., the companies announced today. The acquisition is expected to enable Tyson Foods to recycle more animal products for feed, pet food and aquaculture, among other things, and expand its presence in the growing animal feed ingredient business. The agreement is subject to customary closing conditions, including regulatory approval. Rendering is an environmentally friendlier way to keep animal products out of landfills and potentially reduce greenhouse gas emissions. According to the National Renderers Association, rendering's contribution to carbon emission reduction in the U.S. and Canada is equivalent to removing more than 12 million cars from the road annually. The purchase price is approximately $850 million. Over the next 12 months, the business is expected to generate adjusted net sales of more than $550 million. Tyson expects to realize synergies over time driven by manufacturing efficiencies, mix optimization and distribution network consolidation.

  • 16

    May

TSN Tyson Foods
$67.63

-0.61 (-0.89%)

05/08/18
RBCM
05/08/18
NO CHANGE
Target $80
RBCM
Sector Perform
Tyson Foods price target lowered to $80 at RBC Capital on rising cost pressure
RBC Capital analyst David Palmer lowered his price target on Tyson Foods to $80 and kept his Sector Perform rating after its Q2 earnings miss. Palmer notes that while the quarter is typically the company's least profitable due to seasonality, this time the results and the FY18 outlook were weighed down even further by pressures around freight, labor, and feed costs as well as weather-related disruptions. The analyst lowers his FY18 EPS target to $6.55 from $6.58 but anticipates margins to improve by FY19 as Tyson Foods benefits from the "ongoing AdvancedPierre synergies and pricing actions".
05/08/18
FBCO
05/08/18
NO CHANGE
Target $71
FBCO
Neutral
Tyson Foods price target lowered to $71 from $78 at Credit Suisse
Credit Suisse analyst Robert Moskow lowered his price target for Tyson Foods to $71 from $78 as freight inflation and weather problems "bruise" FY18. The analyst reiterates a Neutral rating on the shares.
05/10/18
BERN
05/10/18
INITIATION
Target $81
BERN
Outperform
Tyson Foods initiated with an Outperform at Bernstein
Bernstein initiated Tyson Foods with an Outperform and $81 price target.
05/11/18
05/11/18
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) initiated with an Outperform at Bernstein. 2. Dexcom (DXCM) initiated with a Buy at BofA/Merrill. 3. Riot Blockchain (RIOT) initiated with a Buy at H.C. Wainwright. 4. American Eagle (AEO) initiated with an Outperform at Wedbush, while Abercrombie & Fitch (ANF) , Express (EXPR) initiated with a Neutral at Wedbush, and Lululemon (lulu) were initiated with a Neutral. 5. Lincoln National (LNC) reinstated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

BK

BNY Mellon

$52.36

-0.9 (-1.69%)

17:48
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  • 18

    Oct

EPZM

Epizyme

$10.23

-0.075 (-0.73%)

17:44
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NAVB

Navidea

$0.25

-0.0135 (-5.14%)

17:31
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Breaking Hot Stocks news story on Navidea »

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LYL

Dragon Victory

$1.46

(0.00%)

17:30
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Breaking Hot Stocks news story on Dragon Victory »

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

, RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

17:30
09/24/18
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Periodicals
Shell CEO weighs $30B LNG export terminal in Canada, WSJ says »

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RDS.A

Royal Dutch Shell

$68.18

0.89 (1.32%)

RDS.B

Royal Dutch Shell

$70.25

0.67 (0.96%)

03/08/13
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SEND

SendGrid

$35.40

-0.085 (-0.24%)

17:27
09/24/18
09/24
17:27
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17:27
Initiation
SendGrid initiated  »

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PGNX

Progenics

$6.44

0.03 (0.47%)

17:25
09/24/18
09/24
17:25
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17:25
Hot Stocks
Breaking Hot Stocks news story on Progenics »

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  • 01

    Oct

  • 27

    Oct

VLY

Valley National

$11.76

-0.26 (-2.16%)

17:20
09/24/18
09/24
17:20
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17:20
Hot Stocks
Valley National announces transfer of listing to Nasdaq »

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  • 29

    Oct

  • 01

    Nov

CPT

Camden Property

$93.35

-1.6 (-1.69%)

17:18
09/24/18
09/24
17:18
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17:18
Hot Stocks
Camden Property completes acquisition of Florida apartment community »

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  • 25

    Sep

ST

Sensata

$50.74

-1.14 (-2.20%)

17:13
09/24/18
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17:13
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17:13
Hot Stocks
Sensata acquires privately-held GIGAVAC FOR approximately $233M »

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  • 13

    Nov

BA

Boeing

$368.04

-3.84 (-1.03%)

17:13
09/24/18
09/24
17:13
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17:13
Hot Stocks
Boeing awarded $375.6M U.S. Air Force contract »

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LMT

Lockheed Martin

$337.65

-0.13 (-0.04%)

17:12
09/24/18
09/24
17:12
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17:12
Hot Stocks
Lockheed Martin awarded $289.2M U.S. Army contract »

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  • 30

    Oct

EME

EMCOR

$75.06

0.04 (0.05%)

17:11
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17:11
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17:11
Hot Stocks
EMCOR among bidders for $475M U.S. Army contract »

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GEMP

Gemphire Therapeutics

$2.32

-0.035 (-1.49%)

17:08
09/24/18
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17:08
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Hot Stocks
Gemphire Therapeutics to cut 33% of staff and take a $1.4M related charge »

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LKM

Link Motion

$0.62

-0.0478 (-7.12%)

17:03
09/24/18
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Link Motion receives noncompliance notice from NYSE »

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TSLA

Tesla

$299.61

0.56 (0.19%)

17:03
09/24/18
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Periodicals
Tesla worker says Musk called him into meeting to slam union, Bloomberg says »

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  • 26

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  • 13

    Nov

BMI

Badger Meter

$54.05

-0.1 (-0.18%)

17:01
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Badger Meter announces CEO Richard Meeusen will retire at year end »

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  • 29

    Sep

  • 17

    Oct

KEG

Key Energy

$13.46

-0.18 (-1.32%)

, BAS

Basic Energy

$9.44

0.18 (1.94%)

17:00
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Key Energy Services proposes tie-up with Basic Energy in all-stock deal »

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KEG

Key Energy

$13.46

-0.18 (-1.32%)

BAS

Basic Energy

$9.44

0.18 (1.94%)

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  • 24

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  • 03

    Oct

DAC

Danaos

$1.60

0.05 (3.23%)

16:52
09/24/18
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Earnings
Danaos reports Q2 EPS 27c, one estimate 23c »

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  • 25

    Sep

AWK

American Water

$87.80

-0.8 (-0.90%)

16:46
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American Water to spend $2M to upgrade water main in Missouri »

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  • 29

    Sep

COLD

Americold Realty Trust

$25.25

-0.09 (-0.36%)

16:45
09/24/18
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Breaking Hot Stocks news story on Americold Realty Trust »

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PRNB

Principia Biopharma

$27.34

0.24 (0.89%)

16:45
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DCPH

Deciphera

$39.80

0.78 (2.00%)

16:42
09/24/18
09/24
16:42
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Initiation
Deciphera initiated  »

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  • 01

    Oct

  • 27

    Nov

BJ

BJ's Wholesale

$28.47

-0.68 (-2.33%)

16:42
09/24/18
09/24
16:42
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16:42
Syndicate
BJ's Wholesale files to sell 28M shares of common stock for holders »

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  • 28

    Oct

BPMC

Blueprint Medicines

$71.56

1.8 (2.58%)

16:41
09/24/18
09/24
16:41
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16:41
Initiation
Blueprint Medicines initiated  »

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