UBS initiated coverage of Tyson Foods (TSN) with a Neutral rating and $62 price target Chicken and Prepared Foods will be the primary driver of earnings growth, offsetting headwinds from beef segment, the analyst tells investors in a research note. UBS expects the Beef segment to report losses again in fiscal 2025, and doesn’t to see significant multiple expansion, which limits the near-term upside.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TSN:
- Tyson Foods tells Bloomberg investigating fire that killed one at plant
- Tyson Foods (TSN) Closes Meat Processing Plant and Cuts 800 Jobs
- Tyson shutters Kansas meat tplant, cuts over 800 jobs, Reuters reports
- TD says RFK nomination ‘more unwelcome uncertainty’ for processed foods
- Tyson Foods (NYSE:TSN) Surges on Strong Fiscal Year and Quarterly Earnings