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Fly News Breaks for February 17, 2016
HRL
Feb 17, 2016 | 05:44 EDT
Jefferies analyst Akshay Jagdale downgraded Hormel Foods to Hold citing valuation. The analyst says the stock trades at a 40% premium to Hormel's peers, which he believes "fully reflects all the good news." Jagdale raised his price target for the shares to $43 from $42.50.
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