Jefferies Cuts Numbers On Tyson (TSN), Maintains Buy
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Price: $20.88 +2.35%
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
9 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Jefferies lowers its price target and estimates on Tyson (NYSE: TSN), while maintaining a Buy rating.
The firm cut its price target from $21 to $20. FY11 EPS goes from $1.97 to $1.91, FY12 goes from $2.04 to $1.95.
The firm comments,"Consumer headwinds potentially mounting and discounted in TSN shares in our view. Reiterate Buy thesis based on: 1) favorable supply/demand will support solid beef & pork margins into 2012 and 2) TSN shares will see multiple expansion on even a small scale late 2011/early 2012 chicken price recovery."
For more ratings news on Tyson click here and for the rating history of Tyson click here.
Shares of Tyson closed at $15.68 yesterday.
The firm cut its price target from $21 to $20. FY11 EPS goes from $1.97 to $1.91, FY12 goes from $2.04 to $1.95.
The firm comments,"Consumer headwinds potentially mounting and discounted in TSN shares in our view. Reiterate Buy thesis based on: 1) favorable supply/demand will support solid beef & pork margins into 2012 and 2) TSN shares will see multiple expansion on even a small scale late 2011/early 2012 chicken price recovery."
For more ratings news on Tyson click here and for the rating history of Tyson click here.
Shares of Tyson closed at $15.68 yesterday.
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