JPMorgan upgraded Tyson Foods to Overweight from Neutral while cutting its price target to $63 from $65 and assigning a December 2027 target, still implying about 21% upside from Thursday’s close. Analyst Thomas Palmer said rising feed costs remain a headwind for chicken, but industry production cuts could partly offset the pressure. He also said beef earnings could recover from historically depressed levels as Tyson benefits from a reduced operational footprint, the gradual resumption of cattle imports from Mexico and higher domestic cattle supply. Tyson’s U.S. retail volume is growing, unlike that of most large U.S. food companies, while broader analyst sentiment remains cautious. LSEG data shows 10 of 16 analysts rate the stock Hold and five rate it Buy. Shares, down nearly 11% year to date, rose more than 1% in premarket trading after the upgrade.