Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Goldman Sachs Turns Bearish On This Food Processing Company

Goldman Sachs HRL Hormel Hormel Foods Corp NYSE Russia
  • Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE: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.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Are eggs good or bad for our health?
You might have heard that eating too many eggs will cause high cholesterol levels, leading to poor health.
The Conversation
The Conversation
40 Sidesplitting Memes All Of Us Can Probably Relate To From The “Evil Thoughts” FB Page
Facebook page “Evil Thoughts” posts dank memes you’ll probably find yourself relating to while having a good chuckle. The post 40 Sidesplitting Memes All Of Us Can Probably Relate To From The “Evil Thoughts” FB Page first appeared on Bored Panda.
Bored Panda
Bored Panda
Ozzy Osbourne reveals he can no longer walk ahead of massive final Black Sabbath show
Heavy metal legend’s wife Sharon says singer’s ‘voice is as good as it’s ever been’
The Independent UK
The Independent UK
NASA's Europa Clipper snaps its 1st starry image en route to Jupiter's icy moon
See the stars captured by Europa Clipper's star trackers, NASA's spacecraft currently on its way to Jupiter's icy moon.
Space
Space
“There was a forty-foot cliff and I’d dived off it into the ocean. Apparently I’d said it was a good day to fly!”: The day that Ozzy Osbourne could have killed himself
And he didn’t remember a thing about it!
MusicRadar
MusicRadar
Ariana Grande Gives Bowmania a Second Wind in the Cutest Babydoll Dress
She makes a compelling case.
Marie Claire
Marie Claire
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play