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Fly News Breaks for August 19, 2016
HRL
Aug 19, 2016 | 08:56 EDT
As noted earlier, BMO Capital upgraded Hormel Foods to Outperform from Market Perform. Analyst Kenneth Zaslow predicts that the company's EPS will rise in fiscal 2017, while its internal growth rate will increase to 5% in fiscal 2018. He says that the market is not fully appreciating the company's "balanced business model" and "remarkably high market share in niche categories." Target $44.
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