Tyson Foods price target raised to $55 from $52 at BMO Capital

BMO Capital raised the firm’s price target on Tyson Foods to $55 from $52 and keeps a Market Perform rating on the shares. The analyst cites the company’s Q1 earnings beat and improved execution, with contributions from chicken cost savings efforts seen as a “notable highlight”. BMO adds however that the firm remains on the sidelines as challenging industry fundamentals outside of Chicken will likely limit Tyson Foods’ EPS upside.