Tyson Foods Inc. (NYSE:TSN) ranks among the top consumer staples stocks according to hedge funds. Piper Sandler kept its $58 price target and Neutral rating on Tyson Foods Inc. (NYSE:TSN) as of July 7. Additionally, the firm revised its Tyson model, reducing its fiscal 2025 forecast from $3.81 to $3.72 while keeping its fiscal 2026 earnings per share projection of $4.45.
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Michael Lavery, an analyst at Piper Sandler, pointed to below-the-line factors that had a -$0.13 impact on the company’s third-quarter fiscal 2025 earnings. These were somewhat mitigated by increased chicken margins, which added $0.04.
The firm also emphasized the continued pressure in Tyson’s beef division, where challenging spreads and a limited supply of cattle contribute to maintaining consensus estimates about 100 basis points higher than Piper Sandler’s forecasts.
Tyson Foods Inc. (NYSE:TSN) is a multinational food company that produces and markets beef, pork, and poultry products. Its offerings range from ready-to-eat meals and raw meat cuts to well-known branded products like Jimmy Dean sausages and Tyson chicken nuggets.
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