Piper Jaffray Thinks Tyson Foods’ Stock is Going to Recover

By Ryan Adsit

Piper Jaffray analyst Michael Lavery reiterated a Buy rating on Tyson Foods (NYSE: TSN) today and set a price target of $75. The company’s shares opened today at $59.64, close to its 52-week low of $56.79.

According to TipRanks.com, Lavery is a 1-star analyst with an average return of -0.5% and a 48.9% success rate. Lavery covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Campbell Soup, and General Mills.

Tyson Foods has an analyst consensus of Moderate Buy, with a price target consensus of $71.33, which is a 19.6% upside from current levels. In a report issued on July 27, Stephens also maintained a Buy rating on the stock with a $82 price target.


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The company has a one-year high of $84.65 and a one-year low of $56.79. Currently, Tyson Foods has an average volume of 2.33M.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock.

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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.