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Fly News Breaks for February 7, 2020
Feb 7, 2020 | 06:30 EDT
Piper Sandler analyst Michael Lavery recommends using yesterday's post-earnings selloff in shares of Tyson Foods as a buying opportunity. The analyst continues to believe Tyson can benefit from African Swine Fever, which he notes has hit global hog supplies by about 25%. He expects this to drive higher pricing and margins for pork and its substitutes. Lavery lowered his price target for Tyson Foods to $100 from $105 and maintains an Overweight rating on the shares.
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