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Fly News Breaks for June 19, 2015
CAG
Jun 19, 2015 | 07:20 EDT
After JANA Partners reported an activist stake in ConAgra, Deutsche Bank says its sense is that the board is reluctant to breaking up the company's parts. Nonetheless, Deutsche laid out its "optimistic" sum-of-the-parts analysis, which yields a $47 target for the stock. This includes $27 for the Consumer division, $11 for Commercial, $6 for Private Brands and $3 for the Ardent joint venture. The firm raised its price target for ConAgra shares to $38 from $36 and keeps a Hold rating on the name
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