Deutsche Bank Reiterates a 'Buy' on Tyson (TSN); Comments on Hormel (HRL)
More News related to HRL
- Hormel Foods Corporation Fourth Quarter Earnings Conference Call
- Hormel Foods and Herdez Del Fuerte Announce Close of MegaMex Foods Agreement
- Hormel Foods Adds New Features to Recipe Web Site
- Hormel Foods Announces Donation to Philippines
- Hormel Foods (HRL) Declares Dividend of $0.19, 2.2% Yield
More News related to TSN
- Tyson Foods found in violation of Fair Labor Standards Act
- BB&T Capital Downgrades Tyson Foods (TSN) to Hold
- Notable Analyst Rating Changes 10/28: TXN, MOT, TGT, WYNN, ILMN Upgraded; APOL, SNDK, NVDA, X, VCLK Downgraded
- Bank of America Restarts Coverage on Tyson Foods (TSN) with a Buy
- Webcast Alert for Tyson Foods, Inc. 4th Quarter 2009 Earnings Conference Call
More News related to Analyst Comments
- After-Hours Movers 11/09: SGK, PCLN, SQNM Higher; MBI, SDTH, UTK, TOPS, CPST, BTN, FLR Lower
- Trading Radar for 11/10: Tyco Int. (TYC), ArvinMeritor (ARM), Clearwire (CLWR), American Apparel (APP) Report
- Unusual 11 Mid-Day Movers 11/09: EONC, EWBC, REV, PRST Higher; GTN, CHNG, SRZ, CHDX Lower
- Notable Analyst Rating Changes: RSH, ANF, NOC, ADBE, HERO Upgraded; RIMM, RHT, GPS, AZN, SGY Downgraded
- Morning Movers 11/09: EWBC, CVM, REV, CGEN, RSH Higher; CHDX, SRZ, GTN, RPRX, VSR Lower
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.
Related Categories
Analyst CommentsStocks Mentioned
+0.48Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
