Hormel Foods Corporation (NYSE:HRL) is included among the 15 Best Cheap Dividend Stocks to Buy. JPMorgan Downgrades Hormel (HRL) to Neutral on Rising Cost Pressures On April 9, JPMorgan downgraded Hormel Foods Corporation (NYSE:HRL) to Neutral from Overweight. It lowered the stock’s price target to $23 from $28. The firm said margin pressure is starting to build and is not reflected in the company’s 2026 outlook. It pointed to rising freight costs, which appear more persistent than expected, affecting bo ...