Piper Sandler Bumps Up Hormel Foods Price Target By 9%


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  • Piper Sandler analyst Michael Lavery raised the price target on Hormel Foods Corp (NYSE:HRL) to $49 from $45 and kept a Neutral rating on the shares, suggesting a 7% upside.
  • Lavery noted the company's portfolio transformation continued, and it offered a favorable fiscal 2022 margin outlook.
  • Hormel reported a 43% revenue growth in the fourth quarter of FY21.
  • Price Action: HRL shares are trading higher by 2.23% at $45.80 on the last check Friday.

Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Analyst ColorNewsPrice TargetReiterationAnalyst RatingsBriefs