Market Overview

UPDATE: Cleveland Research Downgraded Tyson Foods

Related TSN
What Russian Bans Could Mean For Corporate Profits
Dean Foods' Q2 Results Creates A Foul Taste Among Investors
Hillshire, Tyson Make Deal Official (Fox Business)

Cleveland Research analyst Michael Piken downgraded Tyson Foods (NYSE: TSN) from Buy to Neutral and lowered the price target from $35 to $30.

Piken lowered his rating and price target due to weaker expectations for beef processing. Cleveland Research lowered the outlook across all of Tyson's segments.

Bloomberg's average price target for Tyson is $35. Tyson is down over the average three-month volume as much as 2.4%. Tyson Foods closed at $28.53 on Wednesday.

Posted-In: Cleveland Research Michael PikenAnalyst Color Downgrades Price Target Analyst Ratings

 

Related Articles (TSN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional