www.meatpoultry.com/articles/4687-bb-t-upgrades-tyson-on-strong-export-demand
BB&T upgrades Tyson on strong export demand
03.25.2011
The stock was raised by BB&T to "Buy" from "Hold" and it introduced a $23 target price for the shares. BB&T further predicted strong profit margins for pork and beef will last because of export demand and a relatively stable domestic market.
Although the cost of raising livestock is high, meat prices have increased faster, pointed out Heather Jones, BB&T analyst. There's more certainty about sustained export demand because of the earthquake and tsunami in Japan, a major importer of pork and beef, plus feed contamination and food inflation in China, she added. Those factors should help boost Tyson earnings to more than $2 per share for both 2011 and 2012, Jones said.