Citigroup Maintains Neutral on Hormel Foods, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer maintains a Neutral rating on Hormel Foods (NYSE:HRL) but lowers the price target from $35 to $33.
May 31, 2024 | 7:51 pm
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Citigroup analyst Thomas Palmer maintains a Neutral rating on Hormel Foods but lowers the price target from $35 to $33.
The lowered price target from $35 to $33 suggests a less optimistic outlook for Hormel Foods, which could negatively impact the stock price in the short term.
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