Stocks · News reference
BNP Paribas Maintains Neutral on Hormel Foods, Lowers Price Target to $26
BNP Paribas analyst Max Gumport maintains Hormel Foods (NYSE:HRL) with a Neutral and lowers the price target from $27 to $26.
Reference Details
Connected Markets
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
- Source
- benzinga
- Observed
- Checked
- Cadence
- Captured once, then retained as an archive reference
- Status
- fresh
Keep reading
Related Headlines
Top 3 Risk Off Stocks That Are Set To Fly This Month
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its
Why Hormel Foods Stock Swooned by 10% Today
Hormel Foods stock plummeted 10% after the company missed revenue expectations ($2.96B vs. $3.05B consensus), cut full-year net sales guidance to $12.1-$12.2B from $12.2-$12.5B, and reported a 7% drop in sales volume. While the company beat earnings per share estimates ($0.37 vs. $0.35 consensus), investors were unforgiving due to weak consumer demand, lower commodity-based pricing, and the company's already-eroded stock performance.