UPDATE: Bank of America Downgrades Tyson Foods as Production Increases
August 26, 2013 at 11:49 AM EDT
In a report published Monday, Bank of America analyst Ryan Oksenhendler downgraded the rating on Tyson Foods (NYSE: TSN ) from Buy to Neutral, and lowered the price target from $33.00 to $32.00. In the report, Bank of America noted, “In our view, this is likely to cause industry margins