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Dell rises premarket; Tyson Foods, Nordstrom fall

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Goldman Sachs sidelined on Tyson Foods (TSN) as 1Q miss shows deterioration in profitability

February 7, 2023 7:54 AM EST

Goldman Sachs downgraded Tyson Foods (NYSE: TSN) to a Neutral rating (From BUY) and cut the price target on the stock to $66.00 (from $91.00) following the food companys 1Q23 earnings report. The results revealed a sharp deterioration in profitability across the organization, most notably in Chicken, undermining confidence that the cumulative effect of recent operational and strategic changes could sustainability improve margins and earnings for the... More

AbbVie (ABBV) looks to new drugs to boost sales following Humira competition - WSJ

February 6, 2023 11:17 AM EST

AbbVie (NYSE: ABBV) is looking towards its new drugs to replace Humiria now that its blockbuster immune-disease therapy is facing lower-priced competition, the Wall Street Journal said Monday.

The WSJ said that the drugmaker's Chief Executive, Richard Gonzalez, revealed the company is turning to a pair of next-generation successors to reload the billions of dollars in sales that will be lost.

In... More