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Enter Symbol:
Rating: HRL
Neutral $61
up 36.00 %

Hormel Foods Corporation (NYSE: HRL) downgraded to Neutral with price target $61 by Credit Suisse

Monday,  Jul 27, 2015  10:25 AM ET by Betsy O'Brien Harrison

Credit Suisse downgraded Hormel Foods Corporation (NYSE: HRL) to Neutral with price target $61. Previously Credit Suisse downgraded to Hormel Foods Corporation (NYSE: HRL) to
Outperform on 07/29/2013, when the stock price was $41.94. Since then, Hormel Foods Corporation's stock price has gained 36% as of 07/27/2015's recent price of $57.09.
If you would have followed the previous Credit Suisse's recommendation on HRL, you would have gained 36% of your investment in 728 days.

Hormel Foods Corporation is a multinational manufacturer and marketer of consumer-branded meat and food products, many of which are among the best known and trusted in the food industry. Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many well-established trademarks some include BLACK LABEL, CHI-CHI'S, DINTY MOORE, & HORMEL.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.

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