B of A Securities Maintains Underperform Rating for Tyson Foods: Here's What You Need To Know

B of A Securities has decided to maintain its Underperform rating of Tyson Foods TSN and lower its price target from $62.00 to $56.00.

Shares of Tyson Foods are trading down 0.72% over the last 24 hours, at $60.64 per share.

A move to $56.00 would account for a 7.65% decrease from the current share price.

About Tyson Foods

Tyson Foods is the largest U.S. producer of processed chicken and beef. It's also a large producer of processed pork and protein-based products under the brands Jimmy Dean, Hillshire Farm, Ball Park, Sara Lee, Aidells, State Fair, and Raised & Rooted, to name a few. Tyson sells just north of 80% of its products through various U.S. channels, including retailers (44% in fiscal 2022), food service (29%), and other packaged food and industrial companies (12%). In addition, 15% of the company's revenue comes from exports to Canada, Mexico, Brazil, Europe, China, and Japan.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.