RBC Capital Updates Estimates on Tyson Foods (TSN) Following 4Q - PT to $68

November 22, 2016 7:42 AM EST
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Price: $57.39 --0%

Rating Summary:
    14 Buy, 6 Hold, 2 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 29 | New: 18
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RBC Capital maintained a Sector Perform rating on Tyson Foods (NYSE: TSN), and cut the price target to $68.00 (from $75.00), following the company's 4Q earnings report. RBC cut FY17 and FY18 EPS estimates from $5.02 and $5.46 to $4.80 and $5.13.

Analyst David Palmer commented, "We are lowering our estimates and price target following yesterday's disappointing fiscal 4Q16 results. We believe that certain onetime issues will partially reverse next quarter. That said, the impact of soy meal price volatility on Chicken profitability and EPS was a reminder of heightened commodity risk after 2-3 years of extended deflation tailwinds. We will be watching commodity inputs closely over the coming months, as well as retail volume trends given plans to increase investment spending. Maintain Sector Perform."

For an analyst ratings summary and ratings history on Tyson click here. For more ratings news on Tyson click here.

Shares of Tyson closed at $57.60 yesterday.



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Analyst Comments, Analyst EPS Change, Analyst PT Change

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