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Fly News Breaks for July 25, 2018
TSN, HRL
Jul 25, 2018 | 06:44 EDT
Mizuho analyst Jeremy Scott downgraded Hormel Foods to Underperform from Neutral and lowered his price target for the shares to $33 from $34. "Volatile and retreating" pork margins bring rising risks to Hormel's earnings, Scott tells investors in a research note. The analyst lowered his estimates for the company and believes consensus expectations are too high. Tyson Foods (TSN) remains Scott's top pick in Protein.