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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:47 EDTTSN, SAFM, HSH, PPCTyson advances after Macquarie starts with Outperform rating
Shares of meat producer Tyson Foods (TSN) are climbing on a down day for the market after Macquarie initiated coverage of the stock with an Outperform rating. WHAT'S NEW: Tyson is particularly well-positioned to benefit from increased global food demand and a shift towards higher consumption of protein around the world, Macquarie analyst Andrew Russell wrote in a note to investors earlier today. The many types of proteins offered by the company and its focus on international markets should enable it to exploit these trends, the analyst explained. Moreover, Tyson should benefit from strong U.S. chicken prices through mid-2015, as various factors have caused demand for chicken in the U.S. to rise while supply has only increased modestly, Russell stated. Higher chicken prices should help enable Tyson's profits to rise 6%-7% annually through 2016, and the analyst is upbeat on Tyson's proposed acquisition of Hillshire Brands (HSH). The deal should bolster Tyson's relatively weak consumer products offerings, while giving it the opportunity to incorporate its pork into higher margin products, Russell stated. He set a $43 price target on Tyson. OTHERS TO WATCH: Other independent U.S. protein producers include Sanderson Farms (SAFM) and Pilgrim's Pride (PPC). PRICE ACTION: In late morning trading, Tyson Foods climbed 52c, or 1.4% to $36.90.
News For TSN;HSH;SAFM;PPC From The Last 14 Days
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January 21, 2015
10:54 EDTPPCOptions with increasing implied volatility: PPC EUO GLD
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January 20, 2015
14:29 EDTTSNTyson Foods settles Missouri chemical spill suit for $540K
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10:45 EDTPPCOptions with increasing implied volatility
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January 16, 2015
10:27 EDTPPCOptions with increasing implied volatility
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January 15, 2015
12:26 EDTPPCOn The Fly: Midday Wrap
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09:15 EDTPPCOn The Fly: Pre-market Movers
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January 14, 2015
19:01 EDTPPCPilgrim's Pride declares $5.77 per share special dividend
Pilgrim's Pride Corporation announced that as part of its strategy of improving its capital structure and generating shareholder value, its board has approved the declaration of a special cash dividend of $5.77 per share. The total amount of the special dividend payment will be approximately $1.5B based on the current number of shares outstanding. The special cash dividend is payable on February 17 to stockholders of record on January 30.
January 13, 2015
06:56 EDTTSNTyson may see 'some impact' to business by China poultry ban, WSJ says
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January 12, 2015
12:04 EDTSAFM, TSN, PPCUSDA raises 2015 meat production forecast
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