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Fly News Breaks for June 28, 2018
PF, CAG
Jun 28, 2018 | 09:30 EDT
Stifel analyst Christopher Growe said the 7% slide in Conagra Brands (CAG) after the company announced its "long-awaited" deal to acquire Pinnacle Foods (PF) was perhaps due to less robust guidance around the potential for this acquisition. However, he remains "enamored" with the potential for the combination and keeps his Buy rating and $42 target price on Conagra, Growe tells investors.
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