2022-11-09 06:08:23 TSN Tyson Foods
11/09/22 11/0906:08 11/09/2206:08 | Tyson Foods downgraded to Underperform from Neutral at BofABofA analyst Peter Galbo downgraded Tyson Foods to Underperform from Neutral with a price target of $61, down from $73, ahead of the fiscal Q4 report next week. Macro factors within the protein complex has worsened, with beef fundamentals continuing to deteriorate and chicken prices declining meaningfully, Galbo tells investors in a research note. The analyst believes beef margins are likely to get worse through 2024. |
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