Fly News Breaks for November 14, 2019
PPC, TSN, SAFM
Nov 14, 2019 | 09:10 EDT
BofA Merrill Lynch analyst Peter Galbo upgraded Sanderson Farms (SAFM) to Buy from Underperform with a price target of $180, up from $133. Multiple press reports are indicating that China's customs agency has lifted restrictions on the import of U.S. poultry, effective immediately, which is a result of protein shortage in the country due to African Swine Fever and outside of the Phase 1 trade deal, Galbo noted. While he expects all U.S. chicken processors - including Tyson Foods (TSN) and Pilgrim's Pride (PPC) - to benefit, he sees the most incremental benefit to Sanderson as the company now will be able to ship chicken feet/paws and wing tips to China, where it has not shipped since 2015.
News For SAFM;TSN;PPC From the Last 2 Days
Apr 20, 2021 | 13:01 EDT
Tyson Foods will now extend onsite COVID-19 vaccinations to family members of employees as well as others living in their homes. Vaccines will be available, per state and local guidelines, to these extended groups at all future Tyson Foods vaccination events.