Tyson Foods shares are trading lower. HSBC initiated coverage on the stock with a Reduce rating and announced a $49 price target.
Portfolio Pulse from Benzinga Newsdesk
HSBC has initiated coverage on Tyson Foods with a Reduce rating and a price target of $49. This has led to a decrease in Tyson Foods' share price.
September 22, 2023 | 4:30 pm
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Tyson Foods' shares are trading lower after HSBC initiated coverage with a Reduce rating and a $49 price target.
The Reduce rating and lower price target set by HSBC indicates a negative outlook for Tyson Foods. This has led to a decrease in the company's share price as investors adjust their expectations based on this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100