Pinnacle Foods (PF) Terminates Merger Agreement with Hillshire (HSH)

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RBC Capital Upgrades Pinnacle Foods (PF) to Outperform

June 26, 2014 7:22 AM EDT

RBC Capital upgraded Pinnacle Foods (NYSE: PF) from Sector Perform to Outperform with a price target of $36.00.

Analyst David Palmer said they are upgrading the stock for three key reasons: 1) the company is poised to return to its core M&A strategy; 2) overall... More