Tyson Foods downgraded at Credit Suisse As previously reported, Credit Suisse downgraded Tyson Foods (TSN) to Underperform from Neutral. The firm believes the price Tyson paid for Hillshire Brands (HSH) is high and that if the stock market continues to react negatively or there is a decline in core fundamentals, Tyson may have to issue additional stock to get the deal done. Price target lowered to $35 from $40.
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.