New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:47 EDTTSN, HSH, SAFM, 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
Sign up for a free trial to see the rest of the stories you've been missing.
October 17, 2014
11:14 EDTPPCPilgrim's Pride recovers some lost ground, levels to watch
Subscribe for More Information
09:21 EDTSAFMSanderson Farms weakness a buying opportunity, says Cleveland Research
Cleveland Research recommends taking advantage of weakness in Sanderson Farms due to weaker breast meat prices and raised estimates to reflect lower feed costs and higher wing pricing forecasts. Shares are Buy rated.
09:07 EDTTSN, PPC, SAFMProtein stock pullback on Sanderson comments overdone, says BMO Capital
BMO Capital views yesterday's decline in Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN) as an overreaction to Sanderson's comments regarding breast prices falling to year-ago levels for the next four months. BMO notes that breast prices always dip in the fall. Following Sanderson's investor day, BMO said it sees a greater probability of chicken margins remaining at near-record levels in 2015. It keeps an Outperform rating on the stock.
07:39 EDTTSN, SAFM, PPCChicken stock sell-off yesterday overdone, says JPMorgan
Subscribe for More Information
October 16, 2014
15:35 EDTSAFM, TSN, PPCSanderson Farms falls following investor day meeting
Subscribe for More Information
October 13, 2014
11:57 EDTSAFMSanderson Farms to host investor day
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use