Hormel Foods shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $33 to $37.
Portfolio Pulse from Benzinga Newsdesk
Hormel Foods shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $33 to $37.
August 13, 2024 | 12:55 pm
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POSITIVE IMPACT
Hormel Foods shares are trading higher after Citigroup upgraded the stock from Neutral to Buy and raised its price target from $33 to $37.
The upgrade from Citigroup and the increased price target are likely to boost investor confidence in Hormel Foods, leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100