JPMorgan analyst Thomas Palmer raised the firm’s price target on Hormel Foods (HRL) to $28 from $27 and keeps an Overweight rating on the shares. The shares were up 3% during the session following Q4 earnings and a better-than-expected FY26 earnings outlook, the analyst tells investors in a research note. The firm added that there is admittedly heightened execution risk, though it seems like the company’s earnings could be finally approaching an upward inflection point.
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