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Fly News Breaks for April 5, 2016
HRL
Apr 5, 2016 | 08:10 EDT
As noted earlier, BB&T downgraded Hormel Foods to Underweight from Hold. The firm expects the company's growth to slow in Q4 before dropping off significantly in 2017. BB&T predicts that Hormel's premium multiple will contract if its growth does slow, and it predicts that the stock will deliver a negative return.