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Fly News Breaks for December 14, 2015
HRL
Dec 14, 2015 | 06:54 EDT
Deutsche Bank analyst Mario Contreras downgraded Hormel Foods to Hold from Buy citing valuation and risks including the possible recurrence of avian flu and its pending Diamond Crystal divestiture. The analyst, who still views Hormel's fundamentals as favorable but would wait for a better entry point into the stock, has a $76 price target on the shares.
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