BUZZ-Piper Sandler upgrades Tyson Foods to 'overweight'
Piper Sandler Companies PIPR | 83.25 83.25 | +2.07% 0.00% Pre |
Tyson Foods, Inc. Class A TSN | 65.42 65.42 | +1.19% 0.00% Pre |
** Shares of meat packer Tyson Foods TSN.Nup about 1% at $65.06
** Piper Sandler upgrades to "overweight" from "neutral"; raises PT to $75 from $61
** New PT represents 16% upside to stock's last close
** Brokerage sees near‑term earnings upside from competitive disruptions in beef and chicken, including the JBS strike and the Koch Foods plant fire, which could lower TSN's cattle costs and help it gain market share
** Adds that TSN sales are growing steadily as consumers continue to favor protein‑rich diets, and the company appears well insulated from GLP-1 risks with protein remaining a priority even for weight‑loss medication users
** 5 of 14 brokerages rate stock "buy" or higher, 9 "hold"; median PT is $69 - LSEG data
** Stock up 2% in 2025
