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HRL

Hormel Foods

$37.30

0.13 (0.35%)

, TSN

Tyson Foods

$63.10

-0.445 (-0.70%)

06:44
07/25/18
07/25
06:44
07/25/18
06:44

Mizuho downgrades Hormel to Underperform on rising earnings risk

Mizuho analyst Jeremy Scott downgraded Hormel Foods to Underperform from Neutral and lowered his price target for the shares to $33 from $34. "Volatile and retreating" pork margins bring rising risks to Hormel's earnings, Scott tells investors in a research note. The analyst lowered his estimates for the company and believes consensus expectations are too high. Tyson Foods (TSN) remains Scott's top pick in Protein.

HRL

Hormel Foods

$37.30

0.13 (0.35%)

TSN

Tyson Foods

$63.10

-0.445 (-0.70%)

  • 06

    Aug

  • 28

    Oct

HRL Hormel Foods
$37.30

0.13 (0.35%)

05/24/18
SPHN
05/24/18
NO CHANGE
SPHN
Regional ban on LA poultry positive for U.S. poultry producers, says Stephens
Stephens analyst Farha Aslam noted that chicken, egg, and turkey exports had been temporarily suspended to Mexico from the U.S. since May 18 after a case of virulent Newcastle disease had been found. The newly agreed upon regional ban on poultry products from the city of Los Angeles is a positive for Pilgrim's Pride (PPC), Tyson Foods (TSN), Sanderson Farms (SAFM), Cal-Maine (CALM), and Hormel (HRL), said Aslam, but she notes the protein stocks had not traded down on the Newcastle news so she doesn't expect them to move up materially on the resolution.
07/17/18
SPHN
07/17/18
DOWNGRADE
SPHN
Equal Weight
Hormel Foods downgraded to Equal Weight on valuation at Stephens
Stephens analyst Farha Aslam downgraded Hormel Foods to Equal Weight from Overweight citing valuation and maintained a $38 price target on shares.
07/17/18
07/17/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Netflix (NFLX) downgraded to Hold from Buy at Deutsche Bank with analyst Bryan Kraft saying the "slowdown in growth" reported in the Q2 results is not "thesis changing," but does require a "reevaluation of value." 2. Waters (WAT) downgraded to Neutral from Buy at Janney Montgomery Scott with analyst Paul Knight saying he sees acceleration elsewhere in Life Science Tools and believes that Waters' expected growth of 5-6% over the next year or more gives the stock limited upside potential. 3. Intel (INTC) downgraded to In Line from Outperform at Evercore ISI with analyst C.J. Muse saying Data Center cost reductions are now fully reflected and expects the focus to be on what Data Center growth will be like in FY19 following elevated 2018 levels. 4. Hormel Foods (HRL) downgraded to Equal Weight on valuation at Stephens with analyst Farha Aslam citing valuation and maintained a $38 price target on shares. 5. CubeSmart (CUBE) downgraded to Hold from Buy at Jefferies with analyst George Hoglund saying he is cautious on new supply risks and believes the stock's valuation is approaching full value. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/25/18
MZHO
07/25/18
DOWNGRADE
MZHO
Underperform
Hormel Foods downgraded to Underperform from Neutral at Mizuho
TSN Tyson Foods
$63.10

-0.445 (-0.70%)

05/10/18
BERN
05/10/18
INITIATION
Target $81
BERN
Outperform
Tyson Foods initiated with an Outperform at Bernstein
Bernstein initiated Tyson Foods with an Outperform and $81 price target.
05/11/18
05/11/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Tyson Foods (TSN) initiated with an Outperform at Bernstein. 2. Dexcom (DXCM) initiated with a Buy at BofA/Merrill. 3. Riot Blockchain (RIOT) initiated with a Buy at H.C. Wainwright. 4. American Eagle (AEO) initiated with an Outperform at Wedbush, while Abercrombie & Fitch (ANF) , Express (EXPR) initiated with a Neutral at Wedbush, and Lululemon (lulu) were initiated with a Neutral. 5. Lincoln National (LNC) reinstated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
06/22/18
SPHN
06/22/18
NO CHANGE
SPHN
Hain unit would be good fit for Pilgrim's or Tyson at right price, says Stephens
Stephens analyst Farha Aslam noted that media reports indicate that Pilgrim's Pride (PPC) and Tyson (TSN) are interested in bidding for Hain Celestial's (HAIN) Pure Protein division, pointing out as well that the reports says that a sale of the unit would likely increase the odds of a sale of the remaining Hain business. While Hain's protein unit would be a good fit for either Pilgrim's or Tyson, Hain wants a "very high price," Aslam tells investors. Hain is asking a 17+ EBITDA price, but the deal would be a better fit for the poultry producers if the sale price was 8x-12x EBITDA, contends Aslam.

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GOOG

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$NYE

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CFRX

ContraFect

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ATEC

Alphatec

$4.38

-0.06 (-1.35%)

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SPOT

Spotify

$154.15

-0.13 (-0.08%)

, AAPL

Apple

$203.82

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AAPL

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MCD

McDonald's

$213.70

-0.48 (-0.22%)

, UBER

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UBER

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APRN

Blue Apron

$12.46

4.81 (62.88%)

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AAPL

Apple

$204.13

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TSLA

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CARS

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BAC

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CSX

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GLYC

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FUN

Cedar Fair

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TM

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HYG

iShares iBoxx $ High Yield Corporate Bond

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