- Goldman Sachs analyst Adam Samuelson downgraded Hormel Foods Corp (NYSE:HRL) to Sell from Neutral with a $44 price target, implying a 12.07% downside.
- Samuelson warned that the Russia-Ukraine conflict might become one of the most disruptive events across the food and agricultural supply chain.
- The analyst expects material fertilizer supply shocks across nutrients.
- Samuelson views these factors working negatively for Hormel.
- Price Action: HRL shares are trading lower by 2.86% at $48.61 in premarket on the last check Tuesday.
