Hormel Foods (HRL) Misses Q3 EPS by 3c

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Hormel Foods (HRL) PT Lowered to $38 at BMO Capital on 2Q Report; 'Weaker Than Expected Operating Profit in Grocery, Specialty & International'

August 25, 2017 9:44 AM EDT

BMO Capital lowered its price target on Hormel Foods (NYSE: HRL) to $38.00 (from $45.00) while maintaining a Outperform rating, following the company's second quarter earnings report.

Analyst Kenneth Zaslow notes the company delivered second quarter earnings per share and revenues below consensus projections... More

Credit Suisse Downgrades Hormel Foods (HRL) to Neutral; Reduced Visibility

August 25, 2017 6:51 AM EDT

Credit Suisse downgraded Hormel Foods (NYSE: HRL) from Outperform to Neutral with a price target of $33.00 (from $39.00) and removed it from the Focus List.

Analyst Robert Moskow notes volatility in the protein markets reduces visibility. The firm has reduced confidence in... More