BMO Capital analyst Andrew Strelzik raised the firm’s price target on Tyson Foods (TSN) to $62 from $60 and keeps a Market Perform rating on the shares after its Q4 earnings beat. The company’s stronger Chicken/Beef performance more than offset shortfalls in Pork/International, though while Tyson continues to improve internal operations, the firm sees its path to normalized earnings remaining delayed, with risk also remaining for the industry chicken margins, the analyst tells investors in a research note.
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