ConAgra Foods Provides Statement on JANA Partners Investment
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JPMorgan Upgrades ConAgra (CAG) to Overweight
June 22, 2015 7:44 AM EDTJPMorgan upgraded ConAgra (NYSE: CAG) from Neutral to Overweight with a price target of $52.00 (from $39.00).
For an analyst ratings summary and ratings history on ConAgra click here. For more ratings news on ConAgra click here.
Shares of ConAgra closed at $43.37 yesterday.
... MoreConAgra's (CAG) Peers Advance After JANA Reveals Stake
June 19, 2015 2:10 PM EDTConAgra Foods (NYSE: CAG) peers were strong Friday, a day after activist JANA disclosed a 7.2% stake in ConAgra.
In a research note, Barclay's analyst Andrew Laxar said JANA's stake is positive for ConAgra and likely has positive implications for beneficiaries of potential alternative... More
ConAgra (CAG) Board May be Reluctant to Break-Up, Says Deutsche Bank
June 19, 2015 7:42 AM EDTDeutsche Bank maintained a Hold rating on ConAgra (NYSE: CAG) and raised its price target to $38.00 (from $36.00). The change follows news activist JANA acquired a 7.2% stake in the company. JANA said it may nominate board members to help the company "evaluate and address opportunities for shareholder value creation."
Commenting on developments, analyst Eric Katzman said, "With Jana... More
ConAgra Foods (CAG) Makes Statement on JANA's Stake, Says it Welcomes Shareholder Engagement
June 18, 2015 5:01 PM EDTConAgra Foods, Inc. (NYSE: CAG) issued the following statement today in regard to JANA Partners LLCs investment in the company, which it learned of on June 17:
ConAgra Foods Board of Directors and management team are committed to acting in the best interests of all... More
