Soleil Securities Initiates Coverage on ConAgra Foods (CAG) with a Hold
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Soleil Securities initiates coverage on ConAgra Foods (NYSE: CAG) with a Hold. Price target $23.00.
Soleil analyst says, "While the company is in its third year of turnaround and has made smart decisions and shown progress, we are not confident in CAG's ability to raise prices enough to offset the worst input cost inflation among our coverage group. These concerns offset a very attractive valuation."
ConAgra Foods, Inc. (ConAgra Foods) is a packaged food company serving grocery retailers, as well as restaurants and other foodservice establishments.
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