JPMorgan Downgrades Tyson (TSN) to Neutral, $12 Target
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JPMorgan downgrades Tyson Foods (NYSE: TSN) from Overweight to Neutral. The firm also reduced its price target from $14 to $12.
The firm cited several reasons, including:
- valuation
- a pending increase in supply from Sanderson Farms (Nasdaq: SAFM), and
- recent rises in the price of corn and hogs.
Visit our Analyst Ratings page to see all the upgrades/downgrades on shares of Tyson.
Tyson Foods, Inc., together with its subsidiaries, engages in the production, distribution, and marketing of chicken, beef, pork, prepared foods, and related allied products worldwide.
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