Tyson Foods downgraded to Underweight from Equal Weight at Barclays

Barclays analyst Benjamin Theurer downgraded Tyson Foods to Underweight from Equal Weight with a price target of $58, down from $89. The analyst says says protein companies face a difficult outlook. The "worst is yet to come" for most of the sector, though not until 2024 or 20225, amid increasingly price-conscious consumers and rising beef prices, Theurer tells investors in a research note.