02:40 PM EDT, 05/05/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month price target by $3 to $69, reflecting 13x our FY 26 (Sep.) EPS estimate of $5.32 (down from $5.52). We decrease our FY 25 estimate slightly to $3.91 from $3.97. This compares to the stock's 14x long-term average multiple. FQ2 (Mar-Q) results were solid, but the decision not to raise guidance raises questions about the sustainability of the results, particularly in the Chicken segment, where recent margin improvements had encouraged investors. The outlook now implies a deceleration in Chicken operating profits in the second half of the fiscal year, despite FQ3 being the seasonally strong grilling period, which management attributes to heavier investments. On the positive side, TSN may be approaching a trough in Beef, with early but encouraging signs of a cattle rebuild. We're also encouraged by strong global protein demand despite macro headwinds, including tariff risks. TSN seeks about $200M of annual cost savings within five years from modernizing its cold storage facilities.