Tyson Foods initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of Tyson Foods (TSN) with a Buy rating and $67 price target The firm e sees strength in Tyson’s diversified model, which it believes should reduce earnings volatility over time. The cyclical low in beef profitability is creating an attractive entry point for “patient investors,” with strength in chicken and prepared foods driving upside in the near-term, the analyst tells investors in a research note. Goldman thinks concerns around beef are priced into the shares.