BofA analyst Peter Galbo lowered the firm’s price target on Tyson Foods to $62 from $65 and keeps a Neutral rating on the shares. In contrast to Q4 of 2023, the firm expects comments related to 2025 from the consumer staples group as likely to reflect frustration about the effect of unpredictable consumer behavior on volumes versus pricing actions. The firm expects commentary from Tyson to be “muted on unfavorable Beef and Chicken macros,” the analyst tells investors in a preview.
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