Jefferies Reiterates Buy on ConAgra Foods (CAG) Ahead of Analyst Day
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RBC Capital Upgrades ConAgra (CAG) to Outperform; Sees Possible Pinnacle Foods (PF) Acquisition
October 14, 2016 6:53 AM EDTRBC Capital upgraded ConAgra (NYSE: CAG) from Sector Perform to Outperform with a price target of $54.00 (from $50.00) to reflect new pure-play focus, margin opportunity, and potential M&A upside.
Analyst David Palmer commented, "We think the stock warrants a narrower EV/EBITDA valuation discount vs its current 2x discount to peers, due to 1) its new pure-play focus 2) gross margin upside potential from revenue management, and 3) M&A optionality... More
ConAgra Foods (CAG) Announces Record, Distribution Dates on Lamb Weston Spin; Lifts Stock Buyback to $1.25B
October 11, 2016 8:41 AM EDTConAgra Foods, Inc. (NYSE: CAG) announced the record and distribution dates for the spin-off of its Lamb Weston business, which is expected to be effected through the distribution of 100 percent of the common shares of Lamb Weston to holders of ConAgra Foods common shares:
Record Date: 5:00 p.m.... More
