Tyson Foods price target raised to $48 from $44 at Piper Sandler

Piper Sandler analyst Michael Lavery raised the firm’s price target on Tyson Foods to $48 from $44 and keeps a Neutral rating on the shares. The firm continues to believe in the long-term outlook for protein demand growth globally and believes Tyson is well-positioned to meet that growing demand, but remains on the sidelines in order to wait for better visibility on sustainability of more favorable top-line trends and margin momentum, given current valuation, the analyst tells investors in a research note.