Deutsche Bank Maintains Buy Rating, $23 PT for Tyson Foods
In a company alert published earlier today, Deutsche Bank AG maintained its Buy rating and $23.00 price target for Tyson Foods, Inc. (NYSE: TSN).
Deutsche Bank went on to say “For F2012E, co. states it still has the potential to achieve $2.00 in EPS, which would be in-line with consensus, but ahead of our $1.88. Co expects: Chicken to remain strong throughout the year, (2) Pork to remain above normalized 6-8% margins, but F2H12E should be below the 9.8% reported in F1H12, (3) Prepared Foods to come in within normalized 4-6% margins, and (4) Beef to recover from difficulties experienced earlier in the Q in F3Q12E, but return to the normalized 2.5-4.5% margin range in F4Q.”
Tyson Foods, Inc. closed on Friday at $18.24.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.