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Stock Market & Financial Investment News

News Breaks
June 26, 2014
11:47 EDTPPC, TSN, SAFM, HSHTyson 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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May 20, 2015
08:10 EDTTSNTyson Foods repeats FY15 adjusted EPS view $3.30-$3.40, consensus $3.44
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May 19, 2015
17:16 EDTTSNTyson Foods awarded $194.79M government contract
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May 12, 2015
16:04 EDTTSNTyson Foods says transforming to protein-centric consumer packaged goods company
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08:05 EDTSAFMGoldman Sachs to hold a forum
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