Tyson Foods downgraded to Hold from Buy at BB&T BB&T downgraded Tyson (TSN) citing valuation and said expects the company to win the Hillshire (HSH) bid but said he price has gotten "lofty" and the process somewhat out of control.
Protein 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.