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Actionable news in HRL: HORMEL FOODS CORPORATION,

Hormel Foods (HRL) Stock Higher, Upgraded at Credit Suisse

NEW YORK (TheStreet) -- Shares of Hormel Foods (HRL) were advancing in pre-market trading on Monday as Credit Suisse raised its rating on the stock to "outperform" from "neutral."

The firm also upped its price target to $43 from $38 on shares of the Austin, MN-based foods producer and marketer.

Credit Suisse said it views the stock as "highly attractive on a relative basis."

"In an environment where packaged food peers are rationalizing their portfolios and turning almost exclusively to cost-cutting to adjust to slowing consumer...


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