You are here

Tyson share price tumbles after JPMorgan rating cut, WHO cancer judgement

BT_20151028_VIMEAT28AND6_1947286.jpg
The WHO said in a report on Monday that red meat is probably a cancer risk while processed meat is carcinogenic. The WHO report "may exacerbate the steady decline" in US meat demand, Bloomberg Intelligence analyst Kenneth Shea said in a note.

Chicago

TYSON Foods Inc, the largest US meat producer, dropped the most in more than two months after JPMorgan Chase & Co downgraded its rating on the stock and the World Health Organization (WHO) said eating processed meat is a cancer hazard.

Springdale, Arkansas-based Tyson