CLSA downgrades (I, II) both Tyson Foods (TSN) and Smithfield Foods (SFD) to Underperform from...

|About: Tyson Foods Inc. (TSN)|By:, SA News Editor

CLSA downgrades (I, II) both Tyson Foods (TSN) and Smithfield Foods (SFD) to Underperform from Buy and slashes price targets on the pair of protein sellers. Analysts with the firm keep up the common theme on the Street that food names may not be properly hedged for the steep rises in corn and soybean meal. Weekend rain did little to help the Midwest drought condition. (NOAA Drought Monitor)