Goldman Sachs Maintains Sell on Hormel Foods, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Adam Samuelson has maintained a Sell rating on Hormel Foods (NYSE:HRL) and reduced the price target from $29 to $26.
November 30, 2023 | 2:41 pm
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Goldman Sachs has reiterated a Sell rating on Hormel Foods and decreased the price target from $29 to $26, indicating a bearish outlook on the stock.
The reduction in price target by a major financial institution like Goldman Sachs suggests a negative outlook on Hormel Foods' stock performance in the short term. This could lead to a decrease in investor confidence and potentially lower stock prices.
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