Tyson Foods Is a Buy After Its Latest Guidance Increase

Tyson Foods Is a Buy After Its Latest Guidance Increase

Tyson Foods (NYSE: TSN) is trading within spitting distance of all-time highs right now. But that doesn't mean the meat-processing giant can't continue to outperform from here.

Before we dive deeper, perspective is in order. More specifically, Tyson Foods stock rose more than 11% last month after the company increased both ends of its adjusted earnings guidance for the full 2017 fiscal year (ended Sept. 30, 2017) by $0.25 per share -- to a range of $5.20 to $5.30 -- leaving shares up nearly 15% so far in calendar 2017. And that's after Tyson Foods cooked up a 16% gain in 2016.

IMAGE SOURCE: TYSON FOODS.

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Source: Fool.com