Stephens resumed coverage of Tyson Foods with an Equal Weight rating and $57 price target While resuming coverage on four companies within the U.S. protein industry with products that span across beef, pork, chicken, eggs, turkey and value-added products, Stephens says Tyson has scale across a diversified portfolio of protein and prepared foods products and believes it is positioned to create value for shareholders over the longer term. However, Tyson faces headwinds in its beef business that are deteriorating profitability, so the firm would wait for amore attractive entry point or for fundamentals in the beef business to improve.
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