HORMEL FOODS REPORTS SECOND QUARTER FISCAL 2024 RESULTS

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JPMorgan Upgrades Hormel Foods (HRL) to Neutral

May 30, 2024 4:38 PM EDT

JPMorgan analyst Thomas Palmer upgraded Hormel Foods (NYSE: HRL) from Underweight to Neutral with a price target of $29.00 (from $28.00).

The analyst comments "Following this mornings earnings and subsequent stock decline (as of this writing, HRL is -9% vs. SPX -1%), we are upgrading the HRL shares to Neutral from Underweight, as we no... More

Hormel Foods (HRL) PT Lowered to $33 at Citi

May 30, 2024 4:04 PM EDT

Citi analyst Thomas Palmer lowered the price target on Hormel Foods (NYSE: HRL) to $33.00 (from $35.00) while maintaining a Neutral rating.

The analyst comments "Following an EPS beat but sales shortfall (initial take), the HRL shares were down 8.7% at time of writing (vs.... More