Foodservice

Tyson Foods, Inc. (NYSE: TSN) could be considered an economic reopening play due to the company's large exposure to the foodservice category, according to Piper Sandler. The Tyson Foods Analyst: Michael Lavery upgraded Tyson Foods from Neutral to Overweight with a price target lifted from $70...

Cold-chain and foodservice providers hope the recent uptick in business signals a turning point for the sector's fortune. According to Steve Taylor, director of sales for food logistics at AIT Worldwide Logistics, the foodservice business is currently down 40-50% — an improvement from a few...

The restaurant industry was among the first sectors to be hit hard by the coronavirus and will be among the last to fully recover. Early projections and data release point to a grim state for the sector. Tens of thousands of people have already lost their jobs, and it is unclear if their former...

US Foods Holding Corp (NYSE: USFD)'s various initiatives to improve margins and accelerates growth creates a scenario in which the foodservice distribution company can grow its earnings better than its rivals. The Analyst Morgan Stanley's Vincent Sinisi upgraded US Foods from ...

Activist investor Carl Icahn disclosed a 7.7 percent stake in Manitowoc Company Inc (NYSE: MTW) on Monday, according to a 13D filing. Based on the 13D filing, Icahn intends to hold discussions with the company's management and Board of Directors relating to the separating of the company...