Pinnacle Foods (PF) Tops Q1 EPS by 1c

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Go back to Pinnacle Foods (PF) Tops Q1 EPS by 1c

Pinnacle Foods (PF) Remains Hold at Deutsche Bank as Risk Arb Dominates Trading

May 14, 2014 1:27 PM EDT

Deutsche Bank maintained a Hold rating on Pinnacle Foods (NYSE: PF) with a modified price target of $36.00 (from $37.) Comments follow Q1 results. Analyst Eric Katzman noted the company is likely to trade on risk-arbitrage dynamics.

"Our initial opinion on Pinnacle, just one month old, was based on the idea that the New Jersey-based company was well positioned to increase shareholder value vis-à-vis strategic M&A (financed through RMT or debt) and return of... More