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Fly News Breaks for June 12, 2017
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Jun 12, 2017 | 07:32 EDT
Jefferies analyst Akshay Jagdale says he remains on the sidelines with respect to shares of Hormel Foods ahead of this week's analyst day. Several catalysts over the next nine months, including increases in pork processing capacity and higher grain prices, could bring a better entry point, Jagdale tells investors in a research note. He keeps a Hold rating on Hormel shares.