Tyson Foods (TSN) Unlikely To See Any NT Strategy Shifts Following CEO Transition - Jefferies

Jefferies analyst Akshay Jagdale maintains Buy on Tyson (NYSE: TSN) price target of $75.00.

The analyst comments "Today’s announcement that Tom Hayes is stepping down as CEO for personal reasons caught us by surprise. CEO transitions are never easy, especially sudden ones like this. However, we are encouraged by the fact that guidance was reiterated and that the new CEO is Noel White. Mr. White is a TSN veteran and someone we have a great deal of respect for as an outstanding operator. We don’t expect any near term strategic shifts."

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 $63.40 yesterday.

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