JPMorgan Upgrades Tyson Foods, Citing Multiple Tailwinds
The bank raised its rating on the chicken and beef processor to "overweight" from "neutral," according to CNBC.
JPMorgan has upgraded Tyson Foods to "overweight" from "neutral," according to a report from CNBC published Sept. 18.
The investment bank's upgrade reflects its view that the chicken and beef processor is positioned to benefit from several favorable factors, CNBC reported, though specific details of JPMorgan's analysis were not included in the available report.
Tyson Foods is one of the largest meat processing companies in the United States, with operations spanning chicken, beef and pork production.
Further details on JPMorgan's price target, financial projections, or the specific tailwinds cited in its analysis were not immediately available.
Sources
- Tyson Foods is set to come back on several tailwinds, JPMorgan says — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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