By Market News Video Staff, Monday, November 22, 2:54 PM ET
Coverage of Hormel Foods (NYSE:HRL) was initiated at BMO Capital Markets.
BMO started its coverage at an outperform rating, with a $57 price target.
BMO said the company should deliver consistently strong earnings growth.
Shares are trading up 0.25% today, in advance of Hormelís earnings report tomorrow morning.
Hormel is 2.72% of the Dynamic Food and Beverage Portfolio (AMEX:PBJ).
Top stocks in the fund are Starbucks (NASDAQ:SBUX), at 5.96% of the portfolio, followed by Coca-Cola Enterprises (NYSE:CCE) at 5.85%. Yum! Brands (NYSE:YUM) is 5.47% of the fund, followed by Coca-Cola (KO) at 5.15%, and Kroger (KR) at 5.05% of the fund.
This Article's Word Cloud:AMEXBeverageBrandsCapitalCocaColaCoverageDynamicEnterprisesFoodFoodsHormelKrogerMarketsNYSEPortfolioSBUXSharesStarbucksadvancecompanyconsistentlycoveragedeliverearningsfollowedfundgrowthinitiatedmorningoutperformportfoliopriceratingreportsaidshouldstartedstocksstrongtargettodaytomorrowtradingwith
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.