Hormel Foods cuts annual sales forecast on lower turkey prices

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Go back to Hormel Foods cuts annual sales forecast on lower turkey prices

Goldman Sachs Reiterates Sell Rating on Hormel Foods (HRL)

September 5, 2024 5:08 AM EDT

Goldman Sachs analyst Adam Samuelson reiterated a Sell rating and $28.00 price target on Hormel Foods (NYSE: HRL).

The analyst comments "Overall, our view on HRL remains largely unchanged following today's results. The muted near term earnings outlook continues to conflict with HRL's sustained... More

Hormel Foods (HRL) PT Lowered to $30 at BofA Securities, 'weaker top-line expectations'

September 4, 2024 4:00 PM EDT

BofA Securities analyst Peter Galbo lowered the price target on Hormel Foods (NYSE: HRL) to $30.00 (from $32.00) while maintaining a Underperform rating.

The analyst comments "Hormel Foods (HRL) reported 3Q24 adj EPS of $0.37 in line with BofAe/Street. However, sales, volumes and operating income/margins... More