Tyson Foods upgraded to Buy from Underperform at CLSA CLSA upgraded Tyson two notches to reflect growing demadn in China for safe and quality chicken following recent contamination scandals. Price target raised to $30 from $20.
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Tyson Foods upgraded to Overweight from Equal Weight at Stephens Stephens upgraded Tyson based on expectations favorable chicken fundamentals will offset mixed trends in beef and pork. Price target raised to $30 form $26.
Tyson Foods CEO: Smithfield deal could help our pork exports, WSJ reports Tyson Foods (TSN) CEO Donnie Smith said the planned sale of rival Smithfield Foods (SFD) to China's largest pork processor highlights the intensifying globalization of the agriculture industry and could help increase Tyson's pork exports to the Asian nation along with Smithfield's, reports the Wall Street Journal.Reference Link