BMO Capital Downgrades Hormel Foods To Market Perform

Analysts at BMO Capital downgraded Hormel Foods

from Outperform to Market Perform. The price target for Hormel Foods has been raised from $53 to $58. Hormel Foods shares have surged 26.96% over the past 52 weeks, while the S&P 500 index has gained 15.82% in the same period. Hormel Foods' shares rose 0.41% to close at $54.53 yesterday.