BMO Capital analyst Andrew Strelzik raised the firm’s price target on Tyson Foods (TSN) to $56 from $53 but keeps a Market Perform rating on the shares after its Q4 earnings beat. Better Chicken, Beef and International results more than offset softer Prepared Foods and Pork profits, the analyst tells investors in a research note. The firm adds however that it still expects declining EPS through at least FY27, reflecting normalizing Chicken fundamentals, increasing Beef pressure, and Prepared foods headwinds.
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