Hormel Foods Gets Boost from JPMorgan Chase & Co.

Hormel Foods (NYSE:HRL) received a positive forecast from JPMorgan Chase & Co., which increased its price target to $26.00, suggesting a potential upside of 5.97% from the company's previous close.

This is not the only recent development for Hormel Foods as various analysts have been weighing in on the stock.

Earlier this week, Bank of America upped their price objective on shares of Hormel Foods to $27.00 and gave the company a 'neutral' rating. Additionally, BNP Paribas Exane increased its target price to $27.00 with a neutral rating.

JPMorgan Chase & Co.'s upgraded forecast is in contrast to some of the other ratings from analysts who have been slightly more bearish on the stock.