Sector Update: Consumers Lower Pre-Bell; Tyson Foods Secures Hillshire Brands Buy for $8.55 Bln

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Top Consumer Shares:

WMT: -0.21%

MCD: -0.19%


DIS: -0.05%

CVS: flat

KO: -0.20%

GE: -0.33%

Consumer shares were lower in pre-market trade on Monday.

In consumer stocks news, Pilgrim's Pride ( PPC ) said it has withdrawn its offer to buy The Hillshire Brands Company ( HSH ) after Tyson Foods ( TSN ) trumped its offer with a $63 per share, or $8.55 billion bid.

And, coverage of specialty apparel retailer L Brands ( LB ) has been upgraded by analysts at Oppenheimer to a perform rating from underperform.

The firm also boosted its price target on the stock to $56 from $46 a share. Despite the increase, the new price target remains 6% below the stock's current market price.

In today's early session, shares of LB are unchanged from their June 6 close at $59.50, and move within a 52-week spread of $48.77 - $67.16.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: PPC , HSH , TSN , LB

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As of 12/24/2014, 02:12 PM


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