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Fly News Breaks for June 23, 2017
CAG
Jun 23, 2017 | 07:22 EDT
Morgan Stanley analyst Matthew Grainger reiterated his Overweight rating for Conagra ahead of the Q4 report given a conservative near-term margin outlook and an expected sequential improvement in the topline. Grainger expects ongoing margin expansion in FY18 and said the balance sheet provides compelling optionality for value creation. The analyst trimmed his price target to $42 from $43.
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