With an annual dividend yield of 5.51%, Hormel Foods Corporation (NYSE:HRL) is included among the 10 High Yield Stocks for Lasting Retirement Income.
On May 21, Stephens lowered its price target on Hormel Foods Corporation (NYSE:HRL) to $22 from $27 and maintained an Equal Weight rating on the shares. The analyst said the setup for the stock has “become more nuanced” following a stronger-than-expected first quarter. The firm added that “it would be prudent for investors to wait on the sidelines” until there is clearer evidence of sustained margin recovery in the Retail segment and better earnings conversion.
Earlier in the month, on May 15, BofA lowered its price target on Hormel Foods Corporation to $23 from $27 and kept a Neutral rating on the stock. Ahead of the company’s upcoming earnings report, the firm said its near-term estimates remain “largely stable.” At the same time, the analyst lowered FY27 expectations due to what the firm described as a more difficult cost environment.
Hormel Foods Corporation (NYSE:HRL) is a global branded food company that develops, processes, and distributes food products across several markets. The company operates through its Retail, Foodservice, and International segments.
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