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TSN

Tyson Foods

$70.86

-0.295 (-0.41%)

, HRL

Hormel Foods

$41.15

-0.22 (-0.53%)

15:32
04/12/19
04/12
15:32
04/12/19
15:32

CDC investigating =outbreak of E. coli, say ground beef may be source

The Centers for Disease Control and Prevention said that it, several states, and the U.S. Department of Agriculture's Food Safety and Inspection Service are investigating a multistate outbreak of Shiga toxin-producing E. coli O103 infections. Preliminary information suggests that ground beef is the source of this outbreak. This investigation is ongoing. A total of 109 people infected with the outbreak strain of E. coli O103 have been reported from six states. Seventeen people have been hospitalized. No cases of hemolytic uremic syndrome, a type of kidney failure, have been reported. No deaths have been reported. Preliminary epidemiologic information suggests that ground beef is the source of this outbreak. At this time, no common supplier, distributor, or brand of ground beef has been identified. CDC is not recommending that consumers avoid eating ground beef at this time. Consumers and restaurants should handle ground beef safely and cook it thoroughly to avoid foodborne illness. At this time, CDC is not recommending that retailers stop serving or selling ground beef. Publicly traded companies in the space include Tyson Foods (TSN) and Hormel (HRL). Reference Link

TSN

Tyson Foods

$70.86

-0.295 (-0.41%)

HRL

Hormel Foods

$41.15

-0.22 (-0.53%)

  • 06

    May

  • 28

    May

  • 29

    May

TSN Tyson Foods
$70.86

-0.295 (-0.41%)

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
02/13/19
JEFF
02/13/19
NO CHANGE
JEFF
Underperform
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.
03/04/19
SPHN
03/04/19
INITIATION
Target $78
SPHN
Overweight
Tyson Foods initiated with an Overweight at Stephens
Stephens analyst Ben Bienvenu started Tyson Foods with an Overweight rating and $78 price target, stating that he thinks shares are trading at an undeserved, discounted valuation. He likes its diversified product offering, "best in class" operations and "prudent" capital allocation, Bienvenu tells investors.
HRL Hormel Foods
$41.15

-0.22 (-0.53%)

11/27/18
JEFF
11/27/18
DOWNGRADE
Target $44
JEFF
Hold
Hormel Foods downgraded to Hold from Buy at Jefferies
Jefferies analyst Akshay Jagdale downgraded Hormel Foods to Hold with a $44 price target. The analyst cites valuation for the downgrade with the shares above his price target.
11/27/18
JEFF
11/27/18
DOWNGRADE
Target $44
JEFF
Hold
Jefferies says Hormel pricing in 'all the good news,' downgrades to Hold
Jefferies analyst Akshay Jagdale downgraded Hormel Foods to Hold from Buy with an unchanged price target of $44. Sector rotation into high-quality staples like Hormel, combined with "significantly better" pork margins, have more than offset bottoming turkey margins, resulting in the stock rallying 34% over the last nine months, Jagdale tells investors in a research note. The company deserves a double-digit valuation premium to peers, but the current 34% premium "prices in all the good news," says the analyst. He downgrades Hormel on valuation and awaits a better entry point into the name.
11/27/18
11/27/18
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. Hormel Foods (HRL) downgraded to Hold from Buy at Jefferies with analyst Akshay Jagdale citing valuation. 2. Wyndham Hotels & Resorts (WH) downgraded to Buy from Conviction Buy at Goldman Sachs while Wyndham Destinations (WYND) was downgraded to Neutral from Buy. 3. U.S. Bancorp (USB) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew O'Connor citing valuation. 4. Macerich (MAC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill saying he believes the market is underappreciating the company's free cash flow declines in 2019 and 2020. 5. Athenahealth (ATHN) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jamie Stockton saying he suspects a proxy will come out in the next week or two detailing the full process since June to try to sell the company, which ultimately resulted in Veritas Capital and Elliott Management making a $135 all-cash offer on November 12. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
03/04/19
SPHN
03/04/19
INITIATION
Target $42
SPHN
Equal Weight
Hormel Foods initiated with an Equal Weight at Stephens
Stephens analyst Ben Bienvenu started Hormel Foods with an Equal Weight rating and $42 price target, stating that he likes the company's leadership position in its core product categories and "very consistent strategy," but he thinks the current valuation is "relatively full."

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$2.26

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BBL

BHP Billiton plc

$48.94

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BHP

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$55.14

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AEP

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