Tyson Foods price target raised to $60 from $57 at Stephens

Stephens analyst Pooran Sharma raised the firm’s price target on Tyson Foods (TSN) to $60 from $57 and keeps an Equal Weight rating on the shares after the company delivered “strong” results, particularly in chicken, in Q4. Tyson also introduced “favorable” FY25 guidance, which called for a meaningful step up in growth in chicken and prepared foods. While “encouraged” by Tyson’s outlook on chicken, ongoing headwinds in the beef segment still present a challenge, with no clear signs of recovery, the analyst added.