Financial Wire

Hormel Foods Shares Fall After JPMorgan Downgrade

Hormel Foods (HRL) shares were down 2.5% in late Thursday trading after JPMorgan downgraded the stock to neutral from overweight and lowered the price target to $23 from $28.Trading volume stood at about 4.2 million shares, compared with a daily average of about 4.7 million.Price: $21.11, Change: $-0.53, Percent Change: -2.45%

-- Hormel Foods (HRL) shares were down 2.5% in late Thursday trading after JPMorgan downgraded the stock to neutral from overweight and lowered the price target to $23 from $28.

Trading volume stood at about 4.2 million shares, compared with a daily average of about 4.7 million.

Price: $21.11, Change: $-0.53, Percent Change: -2.45%