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HRL

Hormel Foods

$44.22

1.02 (2.36%)

08:25
11/06/18
11/06
08:25
11/06/18
08:25

Hormel Foods downgraded to Sell on valuation, cautious outlook at Vertical Group

Vertical Group analyst Heather Jones downgraded Hormel Foods to Sell from Hold citing valuation and a more cautious outlook.

  • 20

    Nov

HRL Hormel Foods
$44.22

1.02 (2.36%)

11/06/18
PIPR
11/06/18
NO CHANGE
Target $50
PIPR
Overweight
Hormel Foods price target raised to $50 from $39 at Piper Jaffray
Piper Jaffray analyst Michael Lavery raised his price target for Hormel Foods to $50 saying he sees several foodservice growth drivers, including doubling capacity for its Bacon1 product on October 15 and for its fire-braised meats in December. The analyst believes Hormel's foodservice opportunity is underappreciated. Further, he expects continued "strong" 3%-4% organic sales growth and a margin recovery in fiscal 2019. Hormel Foods offers the best in group EBIT growth outlook and its Bacon1 capacity expansion is positive, Lavery tells investors in a research note. He keeps an Overweight rating on the shares.
09/28/18
09/28/18
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. Zynga (ZNGA) initiated with a Buy at Stifel. 2. TechTarget (TTGT) initiated with an Outperform at Raymond James. 3. Q2 Holdings (QTWO) initiated with an Equal Weight at Stephens. 4. Hess Corp. (HES) initiated with an Outperform at Bernstein. 5. Hormel Foods (HRL) initiated with a Neutral at JPMorgan. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
09/28/18
JPMS
09/28/18
INITIATION
Target $41
JPMS
Neutral
Hormel Foods initiated with a Neutral at JPMorgan
JPMorgan analyst Thomas Palmer started Hormel Foods with a Neutral rating and $41 price target. The analyst believes lower industry pork processing margins in the near-term could lead to a better entry point into the shares.
09/17/18
09/17/18
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. Visa (V) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst James Schneider citing recent share out-performance. 2. Hormel Foods (HRL) downgraded to Market Perform from Outperform at BMO Capital with analyst Kenneth Zaslow citing valuation. 3. Costco (COST) downgraded to Equal Weight from Overweight at Barclays with analyst Karen Short citing valuation. 4. LyondellBasell (LYB) downgraded to Neutral from Buy at Citi with analyst P.J. Juvekar saying the current rise in ethane is likely to persist until Q2 of 2019. 5. Revance (RVNC) downgraded to Market Perform from Outperform at JMP Securities with analyst Donald Ellis citing Botox study data released by Allergan (AGN). This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

ZAYO

Zayo Group

$24.05

1.54 (6.84%)

07:01
11/14/18
11/14
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11/14/18
07:01
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Zayo Group analyst commentary  »

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  • 14

    Nov

HD

Home Depot

06:59
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06:59
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Home Depot analyst commentary  »

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NTAP

NetApp

$78.90

0.04 (0.05%)

06:59
11/14/18
11/14
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06:59
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NetApp analyst commentary  »

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  • 14

    Nov

AAP

Advance Auto Parts

$184.66

17.72 (10.61%)

06:58
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11/14
06:58
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06:58
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Advance Auto Parts analyst commentary  »

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VZ

Verizon

$58.67

-0.05 (-0.09%)

06:58
11/14/18
11/14
06:58
11/14/18
06:58
Periodicals
Verizon aims to widen 5G home broadband offering, Reuters reports »

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  • 14

    Nov

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    Nov

W

Wayfair

$92.66

0.97 (1.06%)

06:56
11/14/18
11/14
06:56
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06:56
Syndicate
Breaking Syndicate news story on Wayfair »

Wayfair files to sell…

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  • 03

    Mar

KALA

Kala Pharmaceuticals

$6.56

0.09 (1.39%)

06:55
11/14/18
11/14
06:55
11/14/18
06:55
Recommendations
Kala Pharmaceuticals analyst commentary  »

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  • 14

    Nov

OI

Owens-Illinois

$16.76

0.55 (3.39%)

06:52
11/14/18
11/14
06:52
11/14/18
06:52
Hot Stocks
Owens-Illinois initiates dividend of 5c, raises share repurchase to $600M »

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  • 14

    Nov

PENN

Penn National

$19.76

-0.3 (-1.50%)

06:52
11/14/18
11/14
06:52
11/14/18
06:52
Recommendations
Penn National analyst commentary  »

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MTOR

Meritor

$16.82

-0.08 (-0.47%)

06:51
11/14/18
11/14
06:51
11/14/18
06:51
Earnings
Meritor sees FY19 adj. EPS about $3.10, consensus $3.32 »

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  • 14

    Nov

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    Dec

LLY

Eli Lilly

$111.85

-0.77 (-0.68%)

06:51
11/14/18
11/14
06:51
11/14/18
06:51
Hot Stocks
Eli Lilly submits NDA for lasmiditan, gets breakthrough designation for Emgality »

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  • 03

    Dec

06:50
11/14/18
11/14
06:50
11/14/18
06:50
General news
European stock markets pared some of their losses »

European stock markets…

GOOS

Canada Goose

$58.60

1.51 (2.64%)

06:49
11/14/18
11/14
06:49
11/14/18
06:49
Earnings
Canada Goose raises FY19 adj. EPS growth view to at least 25% from at least 40% »

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  • 14

    Nov

SGMO

Sangamo

$10.80

0.8 (8.00%)

, BMRN

BioMarin

$93.51

0.43 (0.46%)

06:49
11/14/18
11/14
06:49
11/14/18
06:49
Downgrade
Sangamo, BioMarin, Spark Therapeutics rating change  »

JPMorgan downgrades…

SGMO

Sangamo

$10.80

0.8 (8.00%)

BMRN

BioMarin

$93.51

0.43 (0.46%)

ONCE

Spark Therapeutics

$42.74

1.12 (2.69%)

03/08/13
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03/06/13
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  • 14

    Nov

MTOR

Meritor

$16.82

-0.08 (-0.47%)

06:49
11/14/18
11/14
06:49
11/14/18
06:49
Earnings
Meritor reports Q4 adj. EPS 82c, consensus 71c »

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  • 14

    Nov

  • 06

    Dec

  • 13

    Dec

MRK

Merck

$74.62

-0.06 (-0.08%)

06:48
11/14/18
11/14
06:48
11/14/18
06:48
Hot Stocks
Merck: Phase 3 KEYNOTE-181 trial met a primary endpoint of overall survival »

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  • 03

    Dec

  • 11

    Jan

  • 16

    Feb

WFC

Wells Fargo

$52.74

0.38 (0.73%)

06:47
11/14/18
11/14
06:47
11/14/18
06:47
Periodicals
Departure of top Wells Fargo exec Hardison shows rift with regulator, WSJ says »

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  • 15

    Nov

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    Jul

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    Oct

TRU

TransUnion

$64.43

-0.41 (-0.63%)

06:47
11/14/18
11/14
06:47
11/14/18
06:47
Hot Stocks
TransUnion CEO James Peck to retire, Chris Cartwright to succeed »

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GOOS

Canada Goose

$58.60

1.51 (2.64%)

06:46
11/14/18
11/14
06:46
11/14/18
06:46
Earnings
Canada Goose reports Q2 adjusted EPS 46c, consensus (7c) »

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  • 14

    Nov

K

Kellogg

$63.48

-0.81 (-1.26%)

, GIS

General Mills

$45.50

-0.2 (-0.44%)

06:46
11/14/18
11/14
06:46
11/14/18
06:46
Downgrade
Kellogg, General Mills, Kraft Heinz rating change  »

JPMorgan downgrades…

K

Kellogg

$63.48

-0.81 (-1.26%)

GIS

General Mills

$45.50

-0.2 (-0.44%)

KHC

Kraft Heinz

$53.38

-0.29 (-0.54%)

03/08/13
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  • 03

    Mar

06:45
11/14/18
11/14
06:45
11/14/18
06:45
General news
Breaking General news story  »

Week of 11/9 MBA Mortgage…

JNCE

Jounce Therapeutics

$4.40

-0.06 (-1.35%)

06:40
11/14/18
11/14
06:40
11/14/18
06:40
Downgrade
Jounce Therapeutics rating change  »

JPMorgan downgrades…

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AMZN

Amazon.com

$1,631.68

-5.02 (-0.31%)

06:38
11/14/18
11/14
06:38
11/14/18
06:38
Periodicals
Amazon says over 10,000 workers are developing Alexa, Echo, WSJ reports »

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  • 14

    Nov

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    Nov

  • 04

    Dec

NOVN

Novan

$2.50

-0.04 (-1.57%)

06:38
11/14/18
11/14
06:38
11/14/18
06:38
Hot Stocks
Novan Phase 2 molluscum contagiosum trial achieves statistical significance »

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  • 14

    Nov

  • 27

    Nov

LLESY

Lendlease Group

$0.00

(0.00%)

06:37
11/14/18
11/14
06:37
11/14/18
06:37
Upgrade
Lendlease Group rating change  »

Lendlease Group upgraded…

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