Stephens & Co. Reinstates Equal-Weight on Hormel Foods, Announces $31 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Pooran Sharma has reinstated an Equal-Weight rating on Hormel Foods (NYSE:HRL) with a price target of $31.
October 03, 2024 | 2:46 pm
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Stephens & Co. has reinstated an Equal-Weight rating on Hormel Foods with a price target of $31, indicating a neutral stance on the stock.
The reinstatement of an Equal-Weight rating by Stephens & Co. suggests a neutral outlook on Hormel Foods, with the price target set at $31. This indicates that the analyst does not expect significant short-term price movement, either up or down, from the current levels.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100