BofA upgraded Tyson Foods to Neutral from Underperform with a price target of $62, up from $47. While Beef remains a headwind and will likely remain so for some time, Chicken fundamentals and Tyson’s execution have seen material improvement, the analyst tells investors in a research note. The firm struggles to see the case for significant incremental upside to EPS until the Beef cycle inflects, the firm adds.
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