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HRL

Hormel Foods

$41.71

-1.02 (-2.39%)

15:07
01/24/19
01/24
15:07
01/24/19
15:07

Lakewood Capital took new short position in Hormel Foods, Bloomberg reports

HRL Hormel Foods
$41.71

-1.02 (-2.39%)

11/27/18
11/27/18
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 Hold from Buy at Jefferies with analyst Akshay Jagdale citing valuation. 2. Wyndham Hotels & Resorts (WH) downgraded to Buy from Conviction Buy at Goldman Sachs while Wyndham Destinations (WYND) was downgraded to Neutral from Buy. 3. U.S. Bancorp (USB) downgraded to Hold from Buy at Deutsche Bank with analyst Matthew O'Connor citing valuation. 4. Macerich (MAC) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Richard Hill saying he believes the market is underappreciating the company's free cash flow declines in 2019 and 2020. 5. Athenahealth (ATHN) downgraded to Market Perform from Outperform at Wells Fargo with analyst Jamie Stockton saying he suspects a proxy will come out in the next week or two detailing the full process since June to try to sell the company, which ultimately resulted in Veritas Capital and Elliott Management making a $135 all-cash offer on November 12. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/27/18
JEFF
11/27/18
DOWNGRADE
Target $44
JEFF
Hold
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.
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.

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