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HRL Initiated at BMO

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 Hormel’s 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.

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