Citigroup Upgrades Hormel Foods to Buy, Raises Price Target to $37
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Thomas Palmer has upgraded Hormel Foods (NYSE:HRL) from Neutral to Buy and raised the price target from $33 to $37.
August 13, 2024 | 10:48 am
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Citigroup analyst Thomas Palmer has upgraded Hormel Foods from Neutral to Buy and raised the price target from $33 to $37.
The upgrade from Neutral to Buy and the increased price target from $33 to $37 by a reputable analyst at Citigroup is likely to positively impact Hormel Foods' stock price in the short term. Such upgrades often lead to increased investor confidence and buying activity.
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