Exane BNP Paribas analyst Max Gumport initiated coverage of Hormel Foods (HRL) with an Underperform rating and $28 price target The firm is concerned by Hormel’s downward trend in ROIC and a valuation that “does not appear to reflect this reality,” the analyst tells investors.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HRL:
- Ex-Dividend Date Nearing for These 10 Stocks – Week of October 14, 2024
- Tractor Supply downgraded, EVgo upgraded: Wall Street’s top analyst calls
- Hormel Foods resumed with an Equal Weight at Stephens
- Hormel Foods Welcomes Debbra Schoneman to Board
- Hormel Foods price target lowered to $30 from $32 at BofA