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Stock Market & Financial Investment News

News Breaks
January 11, 2014
18:55 EDTTSN, HRLPig virus disrupting U.S. pork market, WSJ says
The porcine epidemic diarrhea virus, or the PED virus, that kills young pigs is disrupting the U.S. pork industry, and will most likely result in higher retail pork prices, says the Wall Street Journal. Reference Link
News For HRL;TSN From The Last 14 Days
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August 27, 2015
19:53 EDTTSNMcDonald's, Tyson Foods drop T&S Farm after animal cruelty video, Reuters says
McDonald's (MCD) and Tyson Foods (TSN) terminated a contract with T&S Farm after animal rights activists shot an undercover video showing farm workers engaging in "unacceptable animal treatment", reports Reuters citing Tyson spokesman Worth Sparkman and a statement from McDonald's. Reference Link
August 26, 2015
19:54 EDTTSNJudge overturns roughly $24M in damages against Tyson Foods, Reuters says
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August 20, 2015
19:53 EDTTSNRetailers, others question heightened fees at Port of Oakland, WSJ says
After the Port of Oakland said it is considering implementing additional fees, the Retail Industry Leaders Association told the Federal Maritime Commission that it is "troubled" due to the lack of details regarding the fees, according to the Wall Street Journal. The retailer group also questioned the general effectiveness of such a program, and the Agriculture Transportation Coalition echoed the criticism, said the report. Note that executives from Lowe's (LOW), Best Buy (BBY), Target (TGT), Coca-Cola (KO), J.C. Penney (JCP), Tyson Foods (TSN), SunOpta (STKL), and Whole Foods (WFM) serve on the boards of the aforementioned associations. Reference Link
12:43 EDTHRLHormel Foods rallies after Deutsche Bank upgrade
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10:00 EDTHRLOn The Fly: Analyst Upgrade Summary
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06:12 EDTHRLHormel Foods upgraded to Buy from Hold at Deutsche Bank
Deutsche Bank analyst Mario Contreras upgraded Hormel Foods to Buy following the company's Q3 results and raised his price target for shares to $66 from $59. Contreras is positive on the Muscle Milk cost savings and views the valuation as attractive at current levels.
August 19, 2015
07:33 EDTHRLHormel Foods sees Jennie-O Turkey Store showing y/y declines in Q4
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07:32 EDTHRLHormel Foods raises FY15 adjusted EPS view to $2.57-$2.63 from $2.50-$2.60
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07:31 EDTHRLHormel Foods reports Q3 adjusted EPS 56c, consensus 55c
Reports Q3 revenue $2.19B, consensus $2.26B.

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