Jefferies Cuts Numbers On Tyson (TSN), Maintains Buy

Jefferies lowers its price target and estimates on Tyson (NYSE: TSN), while maintaining a Buy rating.

The firm cut its price target from $21 to $20. FY11 EPS goes from $1.97 to $1.91, FY12 goes from $2.04 to $1.95.

The firm comments,"Consumer headwinds potentially mounting and discounted in TSN shares in our view. Reiterate Buy thesis based on: 1) favorable supply/demand will support solid beef & pork margins into 2012 and 2) TSN shares will see multiple expansion on even a small scale late 2011/early 2012 chicken price recovery."

For more ratings news on Tyson click here and for the rating history of Tyson click here.

Shares of Tyson closed at $15.68 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Tyson (TSN) PT Lowered to $65 at JPMorgan
• Bernstein SocGen Reiterates Market Perform Rating on HCA Healthcare Inc (HCA)
• Capricor Therapeutics (CAPR) Reiterated at Overweight by Cantor Fitzgerald