Analyst increases estimates, Tyson shares rise

by Bryan Salvage
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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.

 

 

 

 

 

 

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