Jefferies Raises Numbers on Tyson (TSN) Ahead of Q4 Results

Jefferies lifted estimates and its price target on Tyson (NYSE: TSN) from $20 to $22 while reiterating their Buy rating.

The firm raised Q4 EPS from $0.28 to $0.33, FY11 from $1.91 to $1.96 and FY12 from $1.95 to $2.21.

Commenting, the analyst stated, "We remain comfortable just above Street ($0.33 vs. $0.31) given late-quarter improvement in chicken margins and better than expected pork processing margins for most of quarter. Raising FY12 estimate to $2.21 from $1.95 (Street at $2.06) with quickly improving chicken profitability and continued supply/demand favorability for pork processing margins"

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 $19.34 yesterday.

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