In Tuesday's morning summary BMO Capital analyst downgraded Tyson Foods TSN from Outperform to Market perform and maintained a $43 price target.
Analyst Kenneth Zaslow explained that the downgrade is due to insufficient upside in the firm's current price target for Tyson. Zaslow wrote, "SN has undergone the most profound transformations across our coverage group and is well-positioned to capitalize on favorable market conditions, particularly in chicken. That said, we would be more opportunistic at a more attractive entry point."
At last check, Tyson was trading down just over one percent at $42.
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