JP Morgan Upgrades Hormel Foods to Neutral, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Thomas Palmer has upgraded Hormel Foods (NYSE:HRL) from Underweight to Neutral and raised the price target from $28 to $29.
May 31, 2024 | 1:00 pm
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JP Morgan analyst Thomas Palmer has upgraded Hormel Foods from Underweight to Neutral and raised the price target from $28 to $29.
The upgrade from Underweight to Neutral and the slight increase in the price target indicate a more positive outlook on Hormel Foods. This could lead to a short-term increase in the stock price as investors react to the improved rating.
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