Jefferies Keeps Their Buy Rating on Tyson Foods (TSN)

By Carrie Williams

In a report issued on February 13, Akshay Jagdale from Jefferies maintained a Buy rating on Tyson Foods (TSNResearch Report), with a price target of $75. The company’s shares closed on Friday at $62.61.

According to TipRanks.com, Jagdale is a 3-star analyst with an average return of 1.4% and a 50.2% success rate. Jagdale covers the Consumer Goods sector, focusing on stocks such as Lamb Weston Holdings, McCormick & Company, and Conagra Brands Inc.

Currently, the analyst consensus on Tyson Foods is a Moderate Buy with an average price target of $65.80, representing a 5.1% upside. In a report issued on February 8, Mizuho Securities also maintained a Buy rating on the stock with a $82 price target.

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Based on Tyson Foods’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $10.19 billion and net profit of $551 million. In comparison, last year the company earned revenue of $10.22 billion and had a net profit of $1.63 billion.

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Tyson Foods, Inc. engages in the production of processed food. It operates through the following segments: Chicken, Beef, Pork, and Prepared Foods. The Chicken segment involves in domestic operations related to raising and processing live chickens into fresh, frozen, and value-added chicken products, as well as sales from allied products.