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Fly News Breaks for April 25, 2017
CAG
Apr 25, 2017 | 06:03 EDT
UBS analyst Steven Strycula downgraded Conagra Brands to Sell on expectations the stock's relative valuation premium will contract amid a decelerating rate of margin improvement and "limited room" for positive earnings estimate revisions. Conagra's portfolio is not well positioned for a consolidating merchandise set, the analyst contends. He cut his price target for the shares to $35 from $38.
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