Analyst increases estimates, Tyson shares rise
September 02, 2009
by Bryan Salvage
MILWAUKEE — After an analyst raised estimates for Tyson Foods Inc., citing improving conditions in beef and pork, Tyson shares increased Sept. 2, according to The Associated Press. The Springdale, Ark.-based company's shares rose 34 cents, or 2.9%, to $11.94 in midday trading.
Tyson is seeing conditions improve throughout its business, according to Christina McGlone, with Deutsche Bank-North America. "A much-improved balance sheet and liquidity position are proof of Tyson's focus on cash discipline," she wrote in a note to analysts.