ConAgra Foods Provides Statement on JANA Partners Investment
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June 22, 2015 7:44 AM EDT
JPMorgan 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.
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June 19, 2015 2:10 PM EDT
ConAgra 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
June 19, 2015 7:42 AM EDT
Deutsche 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
June 18, 2015 5:01 PM EDT
ConAgra 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
