Hormel Foods (NYSE: HRL) was downgraded by equities research analysts at Janney Montgomery Scott from a “neutral” rating to a “sell” rating in a research note issued to investors on Thursday.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Hormel Foods in a research note to investors on Friday, June 8th.
They now have a $31.00 price target on the stock.
Hormel Foods opened at 29.08 on Thursday.
Hormel Foods has a 1-year low of $25.87 and a 1-year high of $30.70.
The company has a market cap of $7.658 billion and a price-to-earnings ratio of 16.72.
Hormel Foods last released its earnings data on Wednesday, May 23rd.
The company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate...
Source: Argentine Beef Packers S.A.
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