Tyson Foods price target raised to $57 from $55 at Piper Sandler

Piper Sandler raised the firm’s price target on Tyson Foods to $57 from $55 and keeps a Neutral rating on the shares. The firm continues to believe in the long-term outlook for protein demand growth globally and thinks Tyson is well positioned to meet that growing demand. Near-term, market conditions and operational execution have both improved in Chicken, driving a likely $800M-$900M lift in segment EBIT, though headroom for more upside in 2025 is likely more modest. Piper believes any recovery in Beef remains 12-24 months away as heifer retention has yet to improve and supply remains tight.