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Fly News Breaks for November 14, 2019
CAG
Nov 14, 2019 | 07:58 EDT
Berenberg analyst Donald McLee initiated coverage of Conagra Brands with a Hold rating and $29 price target. While the analyst believes Conagra's portfolio leaves it well positioned within "several high-growth food subcategories" over the near term, he expects its shares to be range-bound as the company works toward its intermediate-term goals around margin expansion, deleveraging, and integrating acquisitions.
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