Tyson Foods price target raised to $58 from $55 at JPMorgan

JPMorgan analyst Ken Goldman raised the firm’s price target on Tyson Foods to $58 from $55 and keeps a Neutral rating on the shares. The analyst increased annual estimates following the company’s fiscal Q1 report. The firm still thinks consensus estimates are conservative, bur is “a bit concerned” about Q2. It is also less confident that Tyson’s Chicken efficiency program “will catch a second wind,” and it does not have a valuation argument for upside in the shares.