Hormel Foods Corporation (NYSE:HRL) is listed among the 15 Blue Chip Dividend Stocks to Build a Passive Income Portfolio. Analyst Michael Lavery raised the price target to $26 and maintained a Neutral rating. HRL increased its quarterly dividend by 0.9%, marking 60 years of consecutive dividend growth. The company plans to reduce its workforce to align resources with long-term goals. Hormel President John Ghingo emphasized investments in technology, innovation, and efficiency. While HRL shows potential, some AI stocks offer greater upside. Check out a report on the best short-term AI stock.

Read more at Yahoo Finance: JPMorgan Reassesses Hormel (HRL) Outlook With Fresh Model Update