(Dow Jones) -- This year looks to be a good one
in the meat business, thanks in large part to the US tax overhaul and
strong exports, but CFRA says lawsuits filed by major food distributors
against Tyson Foods and other top chicken companies add uncertainty. The
firm trims its 12-month price target for Tyson to $84 from $87 after
news of lawsuits from Sysco and US Foods, which both allege that Tyson,
Pilgrim's Pride, Sanderson Farms, Perdue Farms and other poultry
processors colluded to boost wholesale chicken prices. The meat
companies deny the charges and say they will contest the lawsuits in
court. Tyson shares decline 0.4% to $75.83 after falling 3.5% Wednesday;
CFRA continues to rate the stock a buy.
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