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SAFM

Sanderson Farms

$124.39

2.72 (2.24%)

, TSN

Tyson Foods

$61.38

1.925 (3.24%)

08:47
02/13/19
02/13
08:47
02/13/19
08:47

Jefferies continues to view Sanderson as overvalued, prefers Tyson

Jefferies analyst Akshay Jagdale expects chicken supply to increase ~3% in 2019 driven by incremental capacity, breeder flock expansion, and improved productivity. The analyst, in a research note titled "Don't Count Your Chickens Before They Hatch," says that although chicken demand has "seemingly improved" over the past month, he remains skeptical about its sustainability given the abundance of competing protein supplies expected again in 2019. Jagdale prefers to own diversified chicken processor Tyson Foods (TSN) "at this point in the cycle" and continues to believe Sanderson Farms (SAFM) is overvalued.

SAFM

Sanderson Farms

$124.39

2.72 (2.24%)

TSN

Tyson Foods

$61.38

1.925 (3.24%)

  • 14

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    Mar

SAFM Sanderson Farms
$124.39

2.72 (2.24%)

08/24/18
08/24/18
UPGRADE

On The Fly: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. Netflix (NFLX) upgraded to Buy from Hold at SunTrust with analyst Matthew Thornton saying the pullback after the Q2 subscriber miss was driven in part by the interest in World Cup viewing. 2. Sanderson Farms (SAFM) upgraded to Overweight from Equal Weight at Stephens with analyst Farha Aslam citing the company's Q3 results and saying she believes weak chicken fundamentals are now priced into the shares. 3. Children's Place (PLCE) upgraded to Buy from Neutral at Monness Crespi analyst Jim Chartier saying the modest sell-off in shares following strong Q2 results provides a buying opportunity. 4. Mylan (MYL) upgraded to Outperform from In Line at Evercore ISI. 5. Embraer (ERJ) upgraded to Hold from Underperform at Santander. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/12/18
BMOC
10/12/18
NO CHANGE
Target $95
BMOC
Market Perform
Sanderson Farms to face 'challenging conditions', says BMO Capital
BMO Capital analyst Kenneth Zaslow kept his Market Perform rating and $95 price target on Sanderson Farms after attending the company's investor day that featured an industry outlook from the company's management and consultants. The analyst says the company is expected to face "difficult and challenging conditions" from record low chicken breast prices, adding that the absence of a "concrete path" toward improved margins will require an "exogenous event" to help "restore profitability".
12/21/18
JPMS
12/21/18
NO CHANGE
Target $88
JPMS
Underweight
Sanderson Farms shares remain 'slightly expensive,' says JPMorgan
JPMorgan analyst Ken Goldman reiterates an Underweight rating on Sanderson Farms with an $88 price target following yesterday's Q4 results. Acceleration in chicken industry capacity growth over the next two years is not fully reflected in the stock price, Goldman tells investors in a research note. With debt likely to keep rising and no indication that any processor is cutting back on supply, the shares are "still slightly expensive," adds the analyst. He models an additional 9% decline in Sanderson Farms' book value over the next two years.
01/28/19
MZHO
01/28/19
UPGRADE
Target $130
MZHO
Buy
Sanderson Farms upgraded to Buy from Neutral at Mizuho
Mizuho analyst Jeremy Scott upgraded Sanderson Farms to Buy and raised his price target for the shares to $130 from $101. The future for the protein produces "has become notably brighter in the last three months," Scott tells investors in a research note. The analyst says that while the December/January quarter will be among the worst in the chicken market in the last five years, he believes "the bottom is in." He expects feature rotation, stronger overall protein exports, and a shallower than expected ramp in new chicken capacity to drive a "substantial improvement" in U.S. chicken margins over the next 12 months.
TSN Tyson Foods
$61.38

1.925 (3.24%)

10/23/18
STPT
10/23/18
INITIATION
Target $74
STPT
Buy
Tyson Foods initiated with a Buy at Standpoint Research
Standpoint Research analyst Ronnie Moas initiated Tyson Foods with a Buy and $74 price target.
11/14/18
MZHO
11/14/18
NO CHANGE
Target $78
MZHO
Buy
Tyson Foods shares 'overdue for a recovery,' says Mizuho
Mizuho analyst Jeremy Scott keeps a Buy rating on Tyson Foods following the company's "strong" beat in Q4. Commodity beef margins "were stellar, as expected, while prepared foods performed in line and chicken remained soft," Scott tells investors in a post-earnings research note. While the Street will have concerns about new management's ongoing commitment to the financial fitness program, after a year of negative surprises, the stock is "overdue for a recovery," says the analyst. He lowered his price target for the stock to $78 from $82.
12/11/18
JPMS
12/11/18
INITIATION
Target $60
JPMS
Neutral
Tyson Foods reinstated with a Neutral at JPMorgan
JPMorgan analyst Ken Goldman reinstated his Neutral rating on Tyson Foods with a $60 price target following a period of restriction. The analyst continues to worry about the chicken industry's planned capacity expansion over the next two years.
01/10/19
VERF
01/10/19
UPGRADE
VERF
Buy
Tyson Foods upgraded to Buy from Hold at Vertical Group

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AptarGroup

$102.12

0.69 (0.68%)

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