Tyson Poised For A Rebound, Vetr Crowd Says

On Tuesday, the Vetr crowd upgraded their rating of Tyson Foods, Inc. TSN from 3 stars (Hold), issued late in October, to 4.5 stars (Strong Buy). Confidence in the stock among Vetr users is high with 80 percent of the crowd’s ratings bullish.

Tyson started this week with a hefty 15.5 percent fall following a news trifecta of weak quarterly earnings report, rumors of suspicious poultry pricing, and an abrupt change in leadership. Tyson traded in about a $2 range today, closing at $58.96.

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The Vetr crowd anticipates a rebound for the company. Currently, Vetr’s average target price is at $68.02, above both where it was last week and the average analyst target price of $65.82. Less than 2 percent of Vetr users hold TSN in their watch lists.