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Fly News Breaks for January 22, 2020
CAG
Jan 22, 2020 | 17:45 EDT
Jefferies analyst Rob Dickerson initiated coverage of Conagra Brands with a Hold rating and $36 price target. The analyst notes that the stock is trading at a nearly 20% discount on price-to-earnings basis relative to its peers, but its competition remains "stiff" and its potential for innovation in 2020 is "unknown". Dickerson says he prefers to await more consumption data before "buying" into Conagra Brands "hope".
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