BMO Capital lowered the firm’s price target on Tyson Foods to $46 from $50 and keeps a Market Perform rating on the shares. Better results in Beef and Chicken more than offset softer Prepared Foods, Pork, and International in Q4, though guidance was below consensus and BMO thinks it is too early to become constructive, the analyst tells investors in a research note. The firm expects earnings to remain limited in medium-term without visible catalysts to drive meaningful earnings recovery over the next 24 months.
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