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Tyson Position Upgraded

Mike

Well-known member
Tyson Foods "neutral," estimates raised

Tuesday, March 13, 2007 7:10:12 AM ET
Davenport & Co.

NEW YORK, March 13 (newratings.com) - Analyst Ann H Gurkin of Davenport & Company reiterates her "neutral" rating on Tyson Foods Inc (TSN.NYS), while raising her estimates for the company.

In a research note published yesterday, the analyst mentions that the company is expected to benefit from the potential cost savings of $200 million in FY07. The operating profit estimate for 2Q for the chicken segment has been raised from -$40 million to $40 million, with Tyson Foods having attained adequate retail pricing in order to offset the increased feed costs. The EPS estimate for 2Q has been raised from -$0.05 to $0.01 to reflect the company’s expectation to deliver profitability in the quarter.
 

RobertMac

Well-known member
The advantage of being the cheapest protein...you can raise your retail price to off set increased cost, as long as you stay below the price of the next competing source. Chicken is also the PC protein....it doesn't contain any of that bad saturated fat!!!!!!!! :mad:
 
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