The Latest Analyst Ratings for Hormel Foods
Portfolio Pulse from Benzinga Insights
Hormel Foods (NYSE:HRL) has received 4 analyst ratings in the last quarter, with 1 indifferent, 1 somewhat bearish, and 2 bearish. The average price target is $30.25, which is below the current price of $30.725, suggesting a downside. This target has decreased by 12.95% from the previous target of $34.75.
November 30, 2023 | 3:00 pm
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NEGATIVE IMPACT
Hormel Foods has more bearish than bullish analyst ratings, with a current average price target suggesting a potential downside from its current stock price.
The bearish ratings and the lower price target compared to the current stock price indicate that analysts expect Hormel Foods' stock price to decline in the short term. The decrease in the average price target by 12.95% reinforces the negative sentiment. As analyst ratings can influence investor perception and thus stock price, it is likely that HRL's stock price may experience downward pressure.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100