BNP Paribas Exane Adjusts Price Target on Hormel Foods to $26 From $24, Maintains Neutral Rating

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BNP Paribas Exane has raised its price target for Hormel Foods (HRL) to $26 from $24, while maintaining a Neutral rating on the stock. This adjustment comes amidst other recent analyst activities, including Stephens adjusting its price target to $25 from $27, also with an Equal Weight rating. Hormel Foods has also recently presented at a Consumer Analyst Group conference and made several business announcements, including the sale of its Minnesota Turkey Assets to Life-Science Innovations.

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