Pivotal Research Upgrades Tyson (TSN) to Hold

Pivotal Research upgraded Tyson (NYSE: TSN) from Sell to Hold with a price target of $75.00 (from $40.00) following the Q4 EPS beat on strong beef results.

Analyst Timothy Ramey said it they've been wrong on their Sell call. While shares have underperformed, they were too early to call the top on margins and there appears to be less legal risk than they might have expected.

The firm remains skeptical on the margin outlook but raises shares to Hold.

For an analyst ratings summary and ratings history on Tyson click here. For more ratings news on Tyson click here.

Shares of Tyson closed at $74.14 yesterday.

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