Tyson cuts profit forecast, says slaughterhouse fire among challenges

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Stephens Reiterates Overweight Rating on Tyson (TSN)

September 4, 2019 6:49 AM EDT

Stephens analyst Ben Bienvenu reiterated an Overweight rating and $95.00 price target on Tyson (NYSE: TSN) as the company releases updated guidance. Short-term challenges have negatively impacted 4Q earnings. Guidance was reduced by $0.43 at the midpoint to $5.30 - $5.70, from $5.75 - $6.10 previously and well below consensus... More