UPDATE: Piper Sandler Downgrades Tyson (TSN) to Neutral

May 10, 2021 5:23 PM EDT
Get Alerts TSN Hot Sheet
Price: $77.37 +0.56%

Rating Summary:
    17 Buy, 10 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 12 | Down: 7 | New: 31
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(Updated - May 10, 2021 5:26 PM EDT)

Piper Sandler analyst Michael Lavery downgraded Tyson (NYSE: TSN) from Overweight to Neutral with a price target of $79 (from $77). The analyst said the valuation may not reflect the near-term risks.

"We expect strong near-term momentum to continue in the Beef segment, but also expect further near-term headwinds and uncertainty (e.g. input cots, trajectory of Chicken recovery), and valuation does not appear to reflect near-term risks," the analyst commented.

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 $78.82 yesterday.

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