CLSA Upgrades Tyson (TSN) to Buy
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Jefferies Says Chicken Price Fixing Allegations Are 'Unfounded' (TSN) (SAFM) (PPC)
October 7, 2016 2:47 PM EDTJefferies Says Chicken Price Fixing Allegations Are 'Unfounded'
Related stocks include: Tyson Foods (NYSE: TSN), Sanderson Farms (NASDAQ: SAFM), Pilgrim's Pride (NASDAQ: PPC).
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Tyson Foods stock plunges as brokerage says lawsuit may have merit
October 7, 2016 1:23 PM EDT(Reuters) - Shares of Tyson Foods Inc (NYSE: TSN) fell 11.5 percent, their biggest intraday percentage drop in more than six years, after a brokerage said a class action lawsuit against the largest U.S. meat processor over industry collusion was "powerfully convincing".
The lawsuit filed last month alleged that Tyson colluded with Koch Foods and others in the broiler chicken business to reduce production since 2008.
Tyson Foods disputed the allegations in the... More
Tyson Foods (TSN) Disputes Allegations in Complaints and 'Speculative Conclusions' by Analyst
October 7, 2016 11:32 AM EDTTyson Foods, Inc. (NYSE: TSN) today issued the following statement:
An analyst report has been issued this morning commenting on pending antitrust litigation which was filed over a month ago. While we dont normally make substantive comments regarding pending litigation, we... More
Pivotal Research Cuts Tyson (TSN) to Sell with Price Target of $40
October 7, 2016 6:58 AM EDTPivotal Research downgraded Tyson (NYSE: TSN) from Hold to Sell with a price target of $40.00 (prior $100.00). Analyst Timothy Ramey pointed out a "convincing" class-action complaint related to broiler price-fixing.
"A powerfully convincing class-action complaint, Maplevale Farms, Inc. v. Koch... More
