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HRL

Hormel Foods

$45.71

0.05 (0.11%)

07:06
11/27/18
11/27
07:06
11/27/18
07:06

Jefferies says Hormel pricing in 'all the good news,' downgrades to Hold

Jefferies analyst Akshay Jagdale downgraded Hormel Foods to Hold from Buy with an unchanged price target of $44. Sector rotation into high-quality staples like Hormel, combined with "significantly better" pork margins, have more than offset bottoming turkey margins, resulting in the stock rallying 34% over the last nine months, Jagdale tells investors in a research note. The company deserves a double-digit valuation premium to peers, but the current 34% premium "prices in all the good news," says the analyst. He downgrades Hormel on valuation and awaits a better entry point into the name.

HRL Hormel Foods
$45.71

0.05 (0.11%)

11/27/18
JEFF
11/27/18
DOWNGRADE
Target $44
JEFF
Hold
Hormel Foods downgraded to Hold from Buy at Jefferies
Jefferies analyst Akshay Jagdale downgraded Hormel Foods to Hold with a $44 price target. The analyst cites valuation for the downgrade with the shares above his price target.
11/21/18
FBCO
11/21/18
NO CHANGE
Target $39
FBCO
Neutral
Hormel Foods price target raised to $39 from $33 at Credit Suisse
Credit Suisse analyst Robert Moskow raised his price target for Hormel Foods to $39 from $33 following quarterly results. The analyst reiterates a Neutral rating on the shares.
11/06/18
11/06/18
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. Hormel Foods (HRL) downgraded to Sell on valuation, cautious outlook at Vertical Group with analyst Heather Jones citing valuation. 2. Valvoline (VVV) downgraded to Underperform from Buy at BofA/Merrill with analyst Olivia Tong citing the Q4 miss and guidance. 3. Gladstone Capital (GLAD) downgraded to Sell from Neutral at National Securities with the firm citing the $50M Notes offering and portfolio company bankruptcy. 4. Western Union (WU) downgraded to Market Perform from Outperform at Wells Fargo with analyst Timothy Willi saying he views the company's Q3 results as "mixed" and says he struggles to see the catalyst for acceleration in the fundamentals that will move the shares higher. 5. New York Times (NYT) downgraded to Underweight from Equal Weight at Barclays with analyst Kannan Venkateshwar citing valuation. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/06/18
VERF
11/06/18
DOWNGRADE
VERF
Sell
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.

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CVS

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BA

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MCF

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VXRT

Vaxart

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AAPL

Apple

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IIVI

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$39.05

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, CPE

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IIVI

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CPE

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

, JEF

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NVR to replace Jefferies Financial Group in the S&P 500 at open on September 26 »

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NVR

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JEF

Jefferies Financial Group

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SPB

Spectrum Brands

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NOC

Northrop Grumman

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PSMT

PriceSmart

$60.29

-0.39 (-0.64%)

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Finisar

$24.31

1.25 (5.42%)

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PSMT

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$60.29

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FNSR

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IIVI

II-VI

$39.05

-0.5 (-1.26%)

, CPE

Callon Petroleum

$4.53

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IIVI

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NVR

NVR

$3,632.55

-30.45 (-0.83%)

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NHYDY

Norsk Hydro

$0.00

(0.00%)

17:12
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RESN

Resonant

$3.05

0.02 (0.66%)

17:03
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Conference/Events
Resonant participates in a conference call with Loop Capital »

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NINE

Nine Energy Services

$6.73

-0.33 (-4.67%)

17:02
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ATOM

Atomera

$3.70

0.17 (4.82%)

17:00
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Conference/Events
Atomera participates in a conference call with Loop Capital »

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MPWR

Monolithic Power

$154.21

-2 (-1.28%)

16:50
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09/20
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16:50
Conference/Events
Monolithic Power participates in a conference call with Loop Capital »

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