James P. Snee, President and Chief Operating Officer, Presents at the BMO Farm to Market Conference on the Long-Term Outlook for Hormel Foods

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Go back to James P. Snee, President and Chief Operating Officer, Presents at the BMO Farm to Market Conference on the Long-Term Outlook for Hormel Foods

Jefferies Cuts Price Target on Hormel Foods (HRL) to $40; Reiterates Hold Rating

May 19, 2016 10:02 AM EDT

Jefferies maintained a Hold rating on Hormel Foods (NYSE: HRL), and cut the price target to $40.00 (from $43.00), following the company's 2Q earnings report. Results in Specialty Foods were driven by lower input costs, operational synergies and favorable y/y comps. In addition,... More