Tyson Foods profit tops estimates on improving chicken business, shares jump 9%
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Barclays Reiterates Overweight Rating on Tyson (TSN)
November 12, 2024 4:28 PM ESTBarclays analyst Benjamin Theuer reiterated an Overweight rating and $76.00 price target on Tyson (NYSE: TSN).
The analyst comments "Tyson reported stronger-than-expected results for 4FQ24 and anticipates continued growth into FY25. We remain OW with a $76 price target, expecting the company's Chicken operations to outperform the outlook and drive consolidated operating income growth amid higher marketing costs. Focus on the Go-Forward: After a strong recovery year... More
