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Fly News Breaks for February 12, 2016
CAG
Feb 12, 2016 | 08:24 EDT
As previously reported, BofA/Merrill upgraded ConAgra to Buy from Neutral and maintained its $46 price target. Analyst Bryan Spillane said ConAgra has been taking steps to create shareholder value, including selling its private brands business and plans to spin-off its Lamb Weston business, and expects more initiatives ahead. The analyst raised estimates and believes these corporate actions will support multiple expansion.
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