Hormel Foods Corp (HRL) has disclosed a new risk, in the Technology category.
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Hormel Foods Corp faces significant risks related to its IT systems, which are crucial for its operations. The company’s reliance on both legacy technologies and continuous internet access makes it vulnerable to disruptions from various sources, such as cyberattacks, outages, and implementation errors. Despite ongoing investments in IT infrastructure updates, failure to effectively implement these changes could lead to increased cybersecurity risks and operational inefficiencies. Such disruptions could negatively impact Hormel Foods Corp’s reputation, operational results, and financial condition.
The average HRL stock price target is $27.60, implying 13.39% upside potential.
To learn more about Hormel Foods Corp’s risk factors, click here.