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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:47 EDTSAFM, HSH, PPC, TSNTyson 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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April 1, 2015
10:04 EDTPPCHigh option volume stocks
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March 31, 2015
18:39 EDTSAFM, PPCPilgrim's Pride may be ready for a big acquisition, Bloomberg says
Pilgrim’s Pride (PPC), which last year dropped out of the bidding for Hillshire Brands, may look to acquire Sanderson Farms (SAFM), or to buy the Midwestern brands owned by Smithfield Foods, or to purchase Oaktree Capital-owned AdvancePierre Foods, Bloomberg Real M&A speculates. Reference Link
March 25, 2015
11:58 EDTTSN, SAFM, PPCStephens food/agribusiness analyst holds analyst/industry conference call
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08:57 EDTSAFM, TSN, PPCJBS S.A. weighing IPO for U.S. unit, Bloomberg reports
The world’s biggest meat producer, JBS S.A. (JBSAY), is mulling plans for an initial public offering of its U.S. unit, according to Bloomberg, citing two people with direct knowledge of the matter. Other publicly traded companies in the meat production space include Hormel Foods (HRL), Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link
March 24, 2015
07:50 EDTTSNTyson Foods shares should be bought, says BB&T
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