Barclays Maintains Equal-Weight on Hormel Foods, Lowers Price Target to $42
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Benjamin Theurer maintains an Equal-Weight rating on Hormel Foods (NYSE:HRL) and lowers the price target from $45 to $42.
June 01, 2023 | 11:23 am
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NEUTRAL IMPACT
Barclays maintains an Equal-Weight rating on Hormel Foods and lowers the price target from $45 to $42.
The news directly mentions Hormel Foods (HRL) and the lowered price target by Barclays analyst Benjamin Theurer. This may cause some investors to reconsider their positions, but the Equal-Weight rating suggests that the stock is expected to perform in line with the market, resulting in a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100