Tyson Foods price target raised to $63 from $60 at Stephens

Stephens raised the firm’s price target on Tyson Foods (TSN) to $63 from $60 and keeps an Equal Weight rating on the shares after the company reported Q1 adjusted EPS that beat the firm’s and consensus estimates. Tyson additionally increased its FY25 guidance, largely reflecting stronger chicken fundamentals and stronger top-line growth, the analyst noted. While the firm thinks that the step up in chicken guidance is encouraging, headwinds in beef still present a challenge, the analyst added.