Hormel Foods (HRL) Tops Q3 EPS by 1c; Boosts FY15 EPS Outlook

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Deutsche Bank Upgrades Hormel Foods (HRL) to Buy

August 20, 2015 6:42 AM EDT

Deutsche Bank upgraded Hormel Foods (NYSE: HRL) from Hold to Buy with a price target of $66.00 (from $59.00).

Analyst Mario Contreras said, "While we have been concerned around avian flu and potentially moderating pork margins, we are incrementally positive around MuscleMilk cost... More