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Sydnee Gatewood
Sydnee Gatewood
Articles (3566) 

T Rowe Price Comments on Tyson Foods

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February 23, 2021 | About:
Elsewhere in the portfolio, shares of Tyson Foods (NYSE:TSN) declined early in the period due to input cost inflation and broader market uncertainty stemming from the coronavirus pandemic, which hampered exports to China and shifted demand to residential use from food services. Industrywide price-fixing allegations also pressured shares of chicken companies during the period. We are optimistic that improving chicken fundamentals will drive the stock higher over the near term.

From the T Rowe Price Equity Income Fund (Trades, Portfolio)'s 2020 annual shareholder letter.

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