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.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on HRL:
- Midday Fly By: Meta to slash metaverse spending, Salesforce posts Q3 beat
- Early notable gainers among liquid option names on December 4th
- Video: Salesforce rises, Snowflake dips after quarterly reports
- Morning Movers: Genesco, Build-A-Bear slide following quarterly results
- Options Volatility and Implied Earnings Moves Today, December 04, 2025