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TSN

Tyson Foods

$88.35

-0.35 (-0.39%)

08:35
08/12/19
08/12
08:35
08/12/19
08:35

Tyson Foods to rebuild Kansas plant, pay workers following fire.

A fire partly destroyed the Tyson Foods beef plant in Holcomb, Kansas on Friday, August 9. The plant will be down indefinitely, however; the company plans to rebuild the plant at the same location. Officials are still assessing the damage, so it's too early to establish a timeline, but work to clear damage has already begun. "This is a difficult time for our team members and their families, and we want to ensure they're taken care of," said Steve Stouffer, group president of Tyson Fresh Meats. "Today, we will notify our full-time, active team members that they'll be paid weekly until production resumes." Stouffer said the team members may be called on to work during this time to help with clean-up and other projects, but regardless of the hours worked, all full-time active employees are guaranteed pay.

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TSN Tyson Foods
$88.35

-0.35 (-0.39%)

06/18/19
MZHO
06/18/19
NO CHANGE
MZHO
Mizuho lowers near-term estimates across protein space
Mizuho analyst Jeremy lowered his near-term estimates across the protein space to reflect higher feed costs. Progress reports and persistent flooding in the Midwest suggest "unrecoverable gaps" to projected harvest acreage and a tighter supply in the U.S., Scott tells investors in a research note. Further, a "substantial drop" in soy demand from China and corn demand from other African Swine Fever-impacted regions should help offset the U.S. supply shortfall, adds the analyst. Scott reduced his estimates to reflect the risk of feed cost inflation over the next twelve months, but maintains Buy ratings on Tyson Foods (TSN), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM).
06/21/19
LEHM
06/21/19
NO CHANGE
Target $100
LEHM
Overweight
Tyson Foods price target raised to $100 from $85 at Barclays
Barclays analyst Benjamin Theurer raised his price target for Tyson Foods to $100 from $85 and keeps an Overweight rating on the shares. Diversified animal based protein companies seem set to benefit most from the worsening African Swine Fever situation in China and other countries in Southeast Asia, Theurer tells investors in a research note. Tyson should see a limited impact in 2019 and early 2020, and faces "incrementally more benefits" in the medium to longer term, contends the analyst. He believes industry dynamics are favorable and should allow the company to deliver "strong" growth into next year.
06/26/19
MZHO
06/26/19
NO CHANGE
MZHO
DOJ intervening in poultry case not entirely surprising, says Mizuho
Mizuho analyst Jeremy Scott said it isn't entirely surprising to see the DOJ intervene in the Maplevale civil case against chicken producers given the DOJ's interest in the case previously became apparent in Tyson's (TSN) 10-Q filling in May. Scott said the investigation launch does not necessarily suggest that there is new corroborating evidence, though it does raise the stakes for company legal teams and builds on an already distracting and costly process in the courts that will likely take two years or more to reach a conclusion. Other protein stocks include Hormel (HRL), Pilgrim's Pride (PPC) and Sanderson Farms (SAFM).
08/06/19
MZHO
08/06/19
NO CHANGE
Target $95
MZHO
Buy
Tyson Foods price target raised to $95 from $89 at Mizuho
Mizuho anlayst Jeremy Scott raised his price target for Tyson Foods to $95 from $89 following yesterday's fiscal Q3 results and keeps a Buy rating on the shares. The stock rallied on favorable guidance for both this year and next, including management's outlook that all operating segments would match or beat fiscal 2019 results, including prepared food, Scott tells investors in a research note.

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MMM

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ULTA

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CMCSK

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AAPL

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ROKU

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NSRGY

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AAPL

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AMAT

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DB

Deutsche Bank

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MXIM

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GLD

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AUMN

Golden Minerals

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DMPI

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RTN

Raytheon

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UHAL

Amerco

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NTLA

Intellia Therapeutics

$15.77

-1.08 (-6.41%)

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GD

General Dynamics

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-4.19 (-2.23%)

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NVLN

Novelion Therapeutics

$0.66

-0.0523 (-7.37%)

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LMT

Lockheed Martin

$376.85

-8.91 (-2.31%)

17:14
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ONCS

OncoSec

$1.84

-0.03 (-1.60%)

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TNXP

Tonix Pharmaceuticals

$0.42

-0.0249 (-5.60%)

17:09
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Breaking Syndicate news story on Tonix Pharmaceuticals »

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  • 25

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

17:08
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17:08
General News
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SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$284.86

-7.5 (-2.57%)

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ATIS

Attis Industries

$1.03

-0.08 (-7.21%)

17:06
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08/23
17:06
08/23/19
17:06
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Attis Industries provides update on status of Nasdaq listing »

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