Tyson Foods and Sanderson Farms Upgraded as Meat Is 'Flying off the Shelves' [TheStreet.com]
Tyson Foods, Inc. (TSN)
Last tyson foods, inc. earnings: 2/6 07:30 am
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Source: TheStreet.com
Tyson Foods ( TSN Get Report SAFM At last check shares of Tyson, Springdale, Ark., were 8.5% higher at $58.82, while Sanderson Farms, Laurel, Miss., was up 1.3% at $128.40. Analyst Ken man said in a note to clients that based on conversations with chicken processors, "outstanding retail demand for meat is more than offsetting soft demand at food service." "We visited a number of supermarkets both in New York and California in the last week; in every location chicken was extremely scarce and in some the entire meat case was largely picked clean," man said. "This anecdotal research was supported by our discussions yesterday with meat processors, where the tone was extremely constructive; one senior manager said meat is 'flying off the shelves' in grocery stores." man added that "at some point (we hope), Covid-19 will fade and consumers will realize they have a year’s supply of canned soup, snack bars, etc., in their pantries." "They also may have plenty of chicken and beef, but these ar
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