Piper Sandler Maintains Neutral on Hormel Foods, Raises Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Michael Lavery has maintained a Neutral rating on Hormel Foods (NYSE:HRL) and increased the price target from $31 to $33.
January 12, 2024 | 3:50 pm
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POSITIVE IMPACT
Piper Sandler has maintained a Neutral rating on Hormel Foods and raised the price target from $31 to $33, indicating a potential upside from the previous target.
The increase in price target by Piper Sandler suggests a positive outlook on Hormel Foods' valuation, which could lead to a short-term increase in the stock price. However, since the rating remains Neutral, the impact may be moderate as it does not indicate a strong buy or sell signal.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100