Tyson Foods price target raised to $53 from $50 at Barclays

Barclays raised the firm’s price target on Tyson Foods to $53 from $50 and keeps an Underweight rating on the shares. While the company’s fiscal Q1 results were ahead of expectations, management kept a somewhat cautious tone on the call and reiterated its consolidated fiscal 2024 operating profit guidance, the analyst tells investors in a research note. The firm says that while upside risks remain in Chicken, Pork and Prepared Foods, it sees downside risk in Beef.