JPMorgan Downgrades Pinnacle Foods (PF) to Neutral Citing Acquisition

JPMorgan downgraded Pinnacle Foods (NYSE: PF) from Overweight to Neutral with a price target of $68.00 (from $66.00).

Analyst Ken Goldman assumes the transaction from ConAgra Brands (NYSE: CAG) will be complete by the end of 2018.

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 $66.34 yesterday.

You May Also Be Interested In

• Dollarama Inc. (DOL:CN) (DLMAF) PT Raised to Cdn$231 at Bernstein SocGen
• Marvell (MRVL) PT Raised to $345 at B.Riley, bullish on new CEO
• CFRA Starts SpaceX (SPCX) at Sell, 'Our primary concern is that SpaceX’s long-term strategy remains heavily dependent on Starship'