June 24, 2014

Analyst upgrades Tyson, predicts the doubters will be wrong

Tyson Foods’ expensive investment in Hillshire Brands will pay off, potentially faster than critics of the deal expect, BMO Capital Markets analyst Kenneth Zaslow predicts.

Zaslow upgraded the company’s shares to outperform, noting investors have punished Tyson for overpaying to acquire Hillshire with a 20 percent pullback in the stock. “The emotional roller coaster around Tyson’s stock has created a compelling investment opportunity,” he said. Zalsow predicted Hillshire will begin to contribute to Tyson’s growth in year two, powered by its expansion in the fast-growing frozen breakfast and sausage categories.  Read More

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