+0.98% to $52.77 from $52.26
What moved TSN
- JPMorgan upgraded Tyson Foods to Overweight from Neutral and set a $63 price target, down from $65.
- Analyst Thomas Palmer said emerging chicken-segment headwinds from rising feed costs are ‘well understood’ and could be partly mitigated by industry production cuts.
- Palmer said beef earnings could finally be on the upswing from historically depressed levels, aided by a series of emerging tailwinds.
Sources: MarketBeat · CNBC
-7.26% to $51.76 from $55.81
What moved TSN
- Tyson now expects fiscal 2026 adjusted operating income of $1.85 billion to $2.05 billion, down from the $2.1 billion to $2.3 billion it forecast on August 3
- Full-year revenue growth guidance was lowered to 1.5%-2.0% from a prior 2.5%-3.5%
- The company now projects beef-segment operating losses of $625 million to $775 million, wider than its prior $500 million to $650 million range
- The revised outlook was driven by margin compression amid volatile cattle prices and one of the most severe U.S. cattle shortages on record
- Shares fell in premarket trading Thursday on the announcement
Sources: CNBC · Investing.com