TSN - Meaty Challenges Ahead! Tyson Food's Beef & Pork Margins May Shrink For Years: Analyst | Benzinga
BMO Capital Markets analyst Andrew Strelzik reiterated the Market Perform rating on Tyson Foods, Inc. (NYSE: TSN), lowering the price target to $46 from $50.
The company's Q4 EPS of $0.37 beat the consensus of $0.29 as better Beef/Chicken results more than offset softer Prepared Foods, Pork, and International.
The analyst sees earnings to remain limited in the medium-term without visible catalysts to drive meaningful earnings recovery over the next 24 months.
Beef margins likely will be a key EPS limiter through at least FY25 absent ...