ConAgra's profit beat sends shares to record high

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RBC Capital Reiterates Outperform on ConAgra Brands (CAG) Following 2Q Report

December 23, 2016 7:31 AM EST

RBC Capital reiterated an Outperform rating and $42.00 price target on ConAgra Brands (NYSE: CAG) following the company's 2Q earnings report. Adjusted diluted EPS of $0.49 beatthe street estimates of $0.45. Revenue of $2.09B was below the consensus of $2.1B.

Analyst David Palmer commented, "We are... More