Deutsche Bank Reiterates a 'Buy' on Tyson (TSN); Comments on Hormel (HRL)
TSN Hot Sheet
Rating Summary:9 Buy, 1 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 25 | Down: 12 | New: 36
Deutsche Bank reiterates a 'Buy' on Tyson (NYSE: TSN), raises price target $1 to $15.
Deutsche analyst says, "We increase our F2009E (end Sep) EPS to $0.16 from $0.01. F3Q09E (end Jun) EPS is increased to $0.25 from $0.18. We raise F2010E EPS to $1.25 from $1.17. Estimate revisions are based on improved assumed chicken profitability and better near-term beef processing trends. Turning to Hormel (NYSE: HRL), we retain our HOLD rating and $35 price target. We raise our F2010E (end Oct) EPS to $2.57 from $2.56. We calculate the recently announced 50/50 JV, MegaMex,with Herdez del Fuerte will be $0.02-$0.03 accretive. However, we have tempered our margin assumption for Refrigerated Foods in F2H10 owing to the impact of sow liquidation."
To see more analyst ratings on TSN Click Here.
Tyson Foods, Inc. is a meat protein and food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products.
Deutsche analyst says, "We increase our F2009E (end Sep) EPS to $0.16 from $0.01. F3Q09E (end Jun) EPS is increased to $0.25 from $0.18. We raise F2010E EPS to $1.25 from $1.17. Estimate revisions are based on improved assumed chicken profitability and better near-term beef processing trends. Turning to Hormel (NYSE: HRL), we retain our HOLD rating and $35 price target. We raise our F2010E (end Oct) EPS to $2.57 from $2.56. We calculate the recently announced 50/50 JV, MegaMex,with Herdez del Fuerte will be $0.02-$0.03 accretive. However, we have tempered our margin assumption for Refrigerated Foods in F2H10 owing to the impact of sow liquidation."
To see more analyst ratings on TSN Click Here.
Tyson Foods, Inc. is a meat protein and food production company. The Company produces, distributes and markets chicken, beef, pork, prepared foods and related allied products.
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