RBC Capital Upgrades Pinnacle Foods (PF) to Outperform

RBC Capital upgraded Pinnacle Foods (NYSE: PF) from Sector Perform to Outperform with a price target of $36.00.

Analyst David Palmer said they are upgrading the stock for three key reasons: 1) the company is poised to return to its core M&A strategy; 2) overall company sales trends appear stronger than large cap, conventional peers; and 3) opportunity for Wish-Bone improvement exists in 2H14.

For an analyst ratings summary and ratings history on Pinnacle Foods click here. For more ratings news on Pinnacle Foods click here.

Shares of Pinnacle Foods closed at $32.35 yesterday.

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