Tyson Foods’ Earnings Estimates Raised at Morgan Stanley (TSN)

Filed in dividend, earnings, Gold, shares by on May 11, 2010 0 Comments

Meat producer Tyson Foods, Inc. ( TSN ) on Tuesday saw its earnings estimates boosted by analysts at Morgan Stanley. The firm raised its estimates for TSN through 2011, citing a rebound in the protein market, as well as improving operating efficiency within the company. Morgan Stanley currently rates the stock as “Equal-weight.” Tyson Foods shares fell 49 cents, or -2.7%, in premarket trading Tuesday. The Bottom Line Shares of TSN have a dividend yield of .88%, based on last night’s closing stock price of $18.24. The stock has technical support in the $16.50-$17 price area. If the shares can firm up, we see overhead resistance around the $20-$21 price levels. We would remain on the sidelines for now. Tyson Foods, Inc. ( TSN ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Tyson Foods’ Earnings Estimates Raised at Morgan Stanley (TSN)

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