Tyson Foods Analysts Cut Their Forecasts After Q4 Results

Tyson Foods, Inc. TSN posted better-than-expected earnings for its fourth quarter on Monday.

Tyson Foods posted quarterly earnings of 37 cents per share, beating market estimates of 29 cents per share. The company’s quarterly sales came in $13.35 billion, versus expectations of $13.73 billion.

Tyson said it sees total company adjusted operating income of $1 billion to $1.5 billion in FY24.

Tyson shares gained 3.8% to trade at $47.33 on Tuesday.

These analysts made changes to their price targets on Tyson Foods following earnings announcement.

• BMO Capital cut the price target on Tyson Foods from $50 to $46. BMO Capital analyst Andrew Strelzik maintained a Market Perform rating.
• JP Morgan slashed the price target on Tyson Foods from $55 to $51. JP Morgan analyst Kenneth Goldman maintained a Neutral rating.
• Stephens & Co. analyst Ben Bienvenu, meanwhile, reiterated Tyson Foods with an Overweight and maintained a $70 price target.

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