Fly News Breaks for March 12, 2015
TSN
Mar 12, 2015 | 08:59 EDT
BMO Capital says that Tyson's business model can withstand "exogenous shocks" such as the current bird flu outbreak in the U.S. The firm does not expect key countries' export bans on U.S. chickens to last more than 60 days, and it says that Tyson has taken several measures, including cutting its reliance on exports and acquiring Hillshire, that reduce the impact of chicken export bans on it. In a worst case scenario, Tyson's 2015 profit will be negatively impacted by $50M by the flu outbreak, estimated the firm, which continued to identify the stock as a top pick and kept a $53 price target.
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