Tyson Foods price target lowered to $61 from $65 at BofA

BofA analyst Peter Galbo lowered the firm’s price target on Tyson Foods (TSN) to $61 from $65 and keeps a Neutral rating on the shares. Fiscal Q2 adjusted EPS of 92c was ahead of BofA and consensus of 80c on better operating profit, but Tyson left almost all elements of its FY25 outlook unchanged and the stock sold off on no raise given the magnitude of the Chicken segment’s outperformance through the first half, the analyst tells investors. Beef continues to be a drag and Prepared Foods initiatives take time to take hold, which could leave shares range bound until non-Chicken segments of the portfolio see pronounced improvement, the analyst added.