27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Tyson Foods, Inc. (NYSE: TSN) shares have appreciated 67 percent over the past 12 months, as compared to the 2 percent decline in the S&P.
Goldman Sachs’ Adam Samuelson maintained a Buy rating on the company, with a price target of $80.
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Upside Potential
While removing Tyson Foods from Goldman Sachs’ Americas Conviction List, Samuelson stated that the stock has 17 percent upside potential.
“However, we recognize that the next leg of outperformance will likely be dependent on greater investor confidence in F17 margins/EPS growth that will be less visible in coming months, that no longer makes it a top idea across Industrials & Materials,” the analyst mentioned.
Maintaining a positive view on Tyson Foods, Samuelson acknowledged that expectations for the company had moved higher, following the consecutive beat and raise stock outperformance. However, the risk/reward appeared favorable at the current levels.
Valuation Gap Will Narrow
“We think that execution momentum, particularly in chicken, has narrowed the gap between our prior bull case FY17 EPS of $5 and the base case, which is not yet fully reflected in consensus of $4.58,” Samuelson pointed out.
The analyst expects the valuation gap between Tyson Foods and its key packaged food peers would narrow as the company delivers despite the EPS and margin hurdles and proves that its new portfolio and strategy are sustainable.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.