HSBC Initiates Coverage On Tyson Foods with Reduce Rating, Announces Price Target of $49
Portfolio Pulse from Benzinga Newsdesk
HSBC analyst Alejandro Zamacona has initiated coverage on Tyson Foods (NYSE:TSN) with a Reduce rating and a price target of $49.
September 22, 2023 | 11:12 am
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HSBC has initiated coverage on Tyson Foods with a Reduce rating and a price target of $49, which may negatively impact the stock's price.
The Reduce rating from HSBC indicates that the analyst believes Tyson Foods' stock is likely to underperform in the market. The price target of $49, if lower than the current price, suggests that the analyst expects the stock price to decrease. This news is likely to negatively impact investor sentiment and could lead to a decrease in Tyson Foods' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100