Form 8-K TYSON FOODS INC For: Aug 03
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Tyson (TSN) Buy Rating Maintained at Pivotal Research
August 3, 2015 2:13 PM EDTPivotal Research maintained a Buy rating on Tyson (NYSE: TSN) with a price target of $55. The stock declined after the company reported Q3 results and guidance. Analyst Timothy S. Ramey noted weak beef results.
"Tyson Foods reported 3Q15 EPS at $0.80 vs. $0.75, up 6.5%; Street consensus was $0.92 with a range of $0.87-$0.99 our estimate was $0.87 the low end of the range. TSN does not offer quarterly guidance however annual guide was reduced to $3.10-$3.20 from $3.30-$3.40 for FY15. We are reducing our 4Q estimate to $0.89, previously $1.01 and our full-year to $3.20... More

