- Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp HRL to Sell from Neutral with a $44 price target, implying a 12.07% downside.
- Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain.
- The analyst expects material fertilizer supply shocks across nutrients.
- Samuelson views these factors working negatively for Hormel.
- Price Action: HRL shares are trading lower by 2.86% at $48.61 in premarket on the last check Tuesday.
HRLHormel Foods Corp
$29.470.86%
Edge Rankings
Momentum30.28
Growth32.00
Quality15.70
Value50.45
Price Trend
Short
Medium
Long
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