Analysts fell to the sidelines weighing in on MTY Food Group (MTYFF – Research Report) and Hormel Foods (HRL – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
MTY Food Group (MTYFF)
In a report released yesterday, Sabahat Khan from RBC Capital reiterated a Hold rating on MTY Food Group, with a price target of C$66.00. The company’s shares closed last Thursday at $38.38, close to its 52-week low of $36.01.
According to TipRanks.com, Khan is a 4-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MTY Food Group with a $48.72 average price target, representing a 26.0% upside. In a report released yesterday, Scotiabank also maintained a Hold rating on the stock with a C$62.00 price target.
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Hormel Foods (HRL)
In a report released today, Michael Lavery from Piper Sandler upgraded Hormel Foods to Hold, with a price target of $35.00. The company’s shares closed last Thursday at $32.67, close to its 52-week low of $32.20.
According to TipRanks.com, Lavery is a 4-star analyst with an average return of
Currently, the analyst consensus on Hormel Foods is a Moderate Sell with an average price target of $35.20, which is a -2.2% downside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a $33.00 price target.
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